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.
Recommended Reading
Post Oak-backed Quantent Closes Haynesville Deal in North Louisiana
2024-09-09 - Quantent Energy Partners’ initial Haynesville Shale acquisition comes as Post Oak Energy Capital closes an equity commitment for the E&P.
Dividends Declared Sept.16 through Sept. 26
2024-09-27 - Here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
EQT to Cut Workforce 15% Following Close of Equitrans Acquisition
2024-10-02 - EQT Corp. closed its $5.5 billion all-stock buy of Equitrans Midstream Corp. on Sept. 22.
Beth McDonald Appointed SM Energy COO
2024-09-09 - Beth McDonald joins SM Energy as its new executive vice president and COO, bringing with her about 20 years of experience as an executive at Pioneer Natural Resources.
Mach to Sell Additional Common Units to Fund A&D
2024-09-25 - Mach Natural Resources announced that the underwriters of its public offering of 7.27 million units have exercised an option to purchase an additional 1 million common units at $16.50 per unit.