The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Vanguard Natural Resources Inc. retained EnergyNet for the sale of Oklahoma oil and gas assets across several counties through a sealed-bid offering.
The offer includes operated and nonoperated interests in multiple wells plus royalty and overriding royalty interests in Carter, Johnson, Love, Marshall and Stephens counties, Okla. Select operators of the nonoperated properties include Cimarex Energy Co. and Exxon Mobil Corp. subsidiary, XTO Energy Inc.
![Vanguard Natural Resources Oklahoma Asset Map (Source: EnergyNet)](/sites/default/files/inline-images/Vanguard%20Natural%20Resources%20Oklahoma%20Asset%20Map.png)
Property Highlights:
- Operations in 21 Wells:
- 75.16% to 56.60% Working Interest / 63.96% to 43.61% Net Revenue Interest
- 18 Producing Wells | 3 Non-Producing Wells
- Nonoperated Working Interest in 37 Properties (Multiple Wells):
- 67.69% to 0.39% Working Interest / 59.23% to 0.39% Net Revenue Interest
- 30 Producing Properties | 7 Non-Producing Properties
- Select Operators include Cimarex Energy Co., Citation Oil and Gas Corp. and XTO Energy Inc.
- 12.26% to 0.01% Royalty Interest or Overriding Royalty Interest in 103 Properties (Multiple Wells):
- 79 Producing Properties | 23 Non-Producing Properties | 1 Temporarily Abandoned Well
- Select Operators include Arch Oil and Gas Co., Citation Oil and Gas Corp., Kaiser-Francis Oil Co. and Marathon Oil Co.
- Six-Month Average Net Income: $239,992 per Month
- Six-Month Average 8/8ths Production: 1,745 barrels per day of Oil and 4.743 million cubic feet per day of Gas
- 1,735.494 Net Leasehold Acres
Bids are due at 4 p.m. CST March 19. For complete due diligence information energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Devon Energy Expands Williston Footprint With $5B Grayson Mill Deal
2024-07-08 - Oklahoma City-based Devon Energy is growing its Williston Basin footprint with a $5 billion cash-and-stock acquisition from Grayson Mill Energy, an EnCap portfolio company.
Kosmos Energy Reports First Oil Production at GoM’s Winterfell
2024-07-03 - Winterfell, operated by Beacon Offshore Energy, will produce high margin barres with a quick payback, Kosmos CEO Andrew G. Inglis said.
MOGAS Wins Multimillion Contract for Aramco-backed S-Oil
2024-07-02 - MOGAS said the contract is part of S-Oil backer Aramco's largest investment in South Korea.
Oceaneering Awarded Multiple GoM Vessel Services Contracts
2024-07-02 - Oceaneering also secured two separate pricing agreements that include the use of new technologies from its integrated, customizable IMR service.
The OGInterview: BPX E-fracs Push ‘Values Up, Emissions Down,’ CEO Says
2024-07-02 - BPX Energy CEO Kyle Koontz discusses the company’s role as the “nimble entrepreneurial” arm of supermajor BP in the Permian Basin and Haynesville and Eagle Ford shales.