Marketed: Oklahoma Oil And Gas Royalties, ORRI Properties

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.

ELR Production Ltd. retained EnergyNet for the sale of Oklahoma properties through multiple auctions closing Aug. 27-28.

The offering, comprised of two packages, include royalty interest and overriding royalty interest (ORRI) in over 300 properties plus a nonoperated working interest located in various Oklahoma counties.

For complete due diligence information energynet.com or email Michael Baker, vice president of business development, at Michael.Baker@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Lot 59286

EnergyNet was retained by ELR Production to offer for sale its 203-property package (royalty interest and ORRI) located in various counties in Oklahoma.

Highlights:

  • 3.28% to 0.00117% ORRI in 191 Properties: 
    • McCarty 1-24 Well includes a 0.01461% Royalty Interest
    • 174 Producing Properties | 17 Non-Producing Properties
  • 0.23299% to 0.00556% Royalty Interest in Five Properties:
    • Three Producing Properties | Two Non-Producing Properties
  • Seven Properties with Unknown Interests including 5 Newly Completed Properties
  • Six-Month Average 8/8ths Production: 2,951 barrels per day (bbl/d) of Oil and 27.619 million cubic feet per day (MMcf/d) of Gas (Includes Unit Production)
  • Four-Month Average Net Income: $25,685 per Month
  • Select Operators: Chaparral Energy Inc., Chesapeake Energy Corp., Devon Energy Corp., Newfield Exploration Mid-Continent Inc., Unit Petroleum Co. and White Star Petroleum LLC

Bids are due for lot 59286 by 3:10 p.m. CDT Aug. 27.

Lot 59285

EnergyNet was retained by ELR Production to offer for sale its 118-property package (nonoperated working interest and 1-ORRI) located in various counties in Oklahoma.

Highlights:

  • 16.138144% to 0.00347% Working Interest / 12.103602% to 0.002848% Net Revenue Interest in 117 Properties:
    • 96 Producing Properties | 19 Non-Producing Properties | Two Plugged and Abandoned Properties
    • The OC #1-19 Well is After Payout Only
  • 0.38608% ORRI in the Phillips 3-27 Producing Well:
    • Converts to Working Interest (2.3233% Working Interest / 1.7681% Net Revenue Interest) After Payout
  • Five-Month Average Net Cash Flow: $21,861 per Month
  • Six-Month Average 8/8ths Production: 3,529 bbl/d of Oil and 29.543 MMcf/d of Gas (includes unit production)
  • Select Operators: Chaparral Energy Inc., Devon Energy Production Co. LP, Kaiser-Francis Oil Co. and Unit Petroleum Co.

Bids are due for lot 59285 by 2:10 p.m. CDT Aug. 28.

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