Marketed: Iron Star Operated Oklahoma Property, Garvin County
Transaction Type
Sellers
Marketers
Basin
Midcontinent; Scoop Play
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
0MM
Description
The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Iron Star Energy LLC retained TenOaks Energy Advisors LLC for the sale of its operated properties in Garvin County, Okla., in an offering close Aug. 28.
The offer includes exposure to stacked vertical pays anchored by a stable cash flow on an HBP footprint, according to TenOaks, which is serving as the company's exclusive adviser.
Highlights:
- 411 barrels of oil equivalent per day of net production
- $227,000 per month net cash flow (92% liquids by revenue)
- 2,400 gross (2,017 net) acres on the west side of the Eola-Robberson Field flanking the southern Scoop trend
- Low-risk, behind-pipe cases and 48 delineated drilling locations with high return potential
- Infrastructure in place supports forecasted development
Bids are due at noon CST Aug. 28. For information visit tenoaksenergyadvisors.com or contact Trey Vonvino, TenOaks associate, at 214-420-2331 or Trey.Bonvino@tenoaksadvisors.com.