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
Sheridan Holding Oklahoma Asset Upside
Source: Meagher Energy Advisors

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.

Onshore