The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Sheridan Holding Co. I LLC retained Meagher Energy Advisors for the sale of Oklahoma assets in Caddo and Grady counties including an operated waterflood unit and the Chitwood NW Field plus miscellaneous nonops.
Highlights:
- NE Verden Unit (NEVU)
- 7,917 Net Acres
- All leasehold is held by production
- Working Interest: 68.35%; Net Revenue Interest: 58.70%
- Average effective net royalty interest 86%
- Over 100 net mineral acres
- 32 producing wells, 28 shut in or temporarily abandoned, 23 injection and three water source wells, all operated
- Chitwood NW Field
- 1,664 Net Acres
- All leasehold is held by production
- Average Working Interest: 69.02%; Average Net Revenue Interest: 59.50%
- Average effective net royalty interest 86%
- 12 producing wells, 11 operated
- Production And Cash Flow
- Projections for April 2019
- Gross production: 399 barrels per day (bbl/d) of oil, 378,000 cubic feet per day of gas
- Net production: 234 bbl/d of oil and 231,000 cubic feet per day of gas
- Net operating cash flow $259,042
- Upside Potential
- Workovers
- Waterflood enhancement
- Infill development
- Horizontal drilling
Bids are due May 2. For information visit meagheradvisors.com or contact Derec Norman, director of marketing at Meagher, at dnorman@meagheradvisors.com or 918-481-5900 ext. 226.
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