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Streamline Oil & Gas Inc. and Streamline Midstream Inc. retained EnergyNet fo rate sale of a package of Midcontinent PDP and midstream assets in Oklahoma through a sealed-bid offering closing Oct. 22.
The offering comprises a 94-well package including operations, overriding royalty interest (ORRI) and royalty interest plus pipeline, associate leasehold and surface acreage in Oklahoma’s Caddo, Cleveland, Garvin, Grady, McClain, Pottawatomie and Stephens counties.
Highlights:
- Click here to view Executive Summary - Teaser
- Operated Working Interest in 91 Wells:
- 100.00% to 6.37561% WI / 87.50% to 4.94689% NRI
- An Additional ORRI in 39 Wells
- An Additional RI in 10 Wells
- 44 Producing Wells | 46 Non-Producing Wells | 1 Temporarily Abandoned Well
- ORRI in Three Producing Wells:
- 0.4995% to 0.010196% ORRI
- An Additional 0.139179% Royalty Interest in the Millsap 6N 2W 26 1HX Well
- Operators include Camino Natural Resources LLC, CPRP Services LLC and Lime Rock Resources IV-A LP
- About 33 Miles of Pipeline Gathering Systems located in Grady County, Okla.
- About 3.145 Net Acres located at NE 4th Street and E Seminole St. in Lindsay, Okla.
- Office - 2,300 sq. ft.
- Two Shops (Both 40-ft x 60-ft) - One Shop/Office Leased to Third Party
- Equipment Shed (40-ft x 20-ft)
- About Three Surface Acres around the Walton 9-1 Well - Currently used as Equipment Storage Site
- Six-Month Average 8/8ths Production: 5.702 MMcf/d of Gas and 419 bbl/d of Oil
Bids are due by 4 p.m. CT Oct. 22. For complete due diligence information visit energynet.com or email Ethan House, vice president of business development, at Ethan.House@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.