Mustang Fuel Corp.

Mustang Fuel Corp. retained Meagher Energy Advisors to sell Criner-Scoop Area nonoperated leasehold and production in McClain and Grady counties, Okla. Entire leasehold position is about 695 net acres HBP with average net revenue interest of 80.44%. The offer also includes 16 producing wells and 65 horizontal PUD locations. Net production of 217 bbl/d of oil, 49 bbl/d of NGL and 226 Mcf/d is projected in April. Projected net operating cash flow for April is $407,331.

Bids are due April 19. The sale is expected to close June 1 with an April 1 effective date. For information visit meagheradvisors.com or contact Jacque Semple, project manager for Meagher, at 918-481-5900 ext. 221.