Marketed: Nadel And Gussman Oklahoma Leasehold Interest

Transaction Type
Sellers
Marketers
Basin
Midcontinent
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description

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.

Nadel and Gussman NV LLC retained EnergyNet for the sale of non-producing leasehold interest in Oklahoma across Latimer, Atoka and Pittsburg counties through an auction.

The offer comprises nearly 5,000 net non-producing leasehold acres with thousands of active offset producers including horizontal Woodford and Hartshorne wells.

Highlights:

  • 4,935.27 Net Non-Producing Leasehold Acres
    • 100% of Oil and Gas Leases (OGL's) (Delivering 87.50% to 81.25% Net Revenue Interest)
    • Three-Year Term with Two-Year Option to Extend on 4,780.27 Net Acres
    • Five-Year Term on 155.00 Net Acres
  • Six Offset Permits
    • Two Active | Three Permitted
  • 1,986 Active Offset Producers
    • 33 Horizontal Hartshorne | 405 Horizontal Woodford
  • Area Operators include BP American Production Co., BRG Petroleum LLC, Matador Production Co., Mustang Fuel Corp., Newfield Exploration Mid-Con Inc. and XTO Energy Inc.

Bids are due at 1:50 p.m. CST April 10. For complete due diligence information energynet.com or email Emily McGinley, manager of business development, at Emily.McGinley@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Nadel and Gussman NV is a Tulsa, Okla.-based E&P backed by Post Oak Energy Capital.