Lamamco Drilling Co.

Transaction Type
Sellers
Marketers
Post Date
Estimated Price
0MM
Description

NEW, Lamamco Drilling Co., Skiatook, Okla., has retained Albrecht & Associates Inc. to sell assets primarily in Oklahoma. The package includes interests in 285 wells, leases and units on 103,000 gross acres (84,000 net). The assets are 95% operated and feature 87% average working interest (74% net revenue interest). Net production is 4,300 barrels of oil equivalent per day. Net proved reserves are 55.1 million barrels of oil and 39.7 billion cubic feet of gas for a total 61 million barrels equivalent (34.8 million proved producing). Also included are 133 proved developed non-producing opportunities and 687 proved undeveloped drilling locations, all operated. The dataroom opens Aug. 27, offers are due Oct. 5, the anticipated closing is Oct. 10 and the effective date is Nov. 1. Contact Harrison Williams, 713-951- 9586.