Undisclosed

Transaction Type
Sellers
Marketers
Basin
Arkoma Woodford Basin
Post Date
Estimated Price
0MM
Description

The following information is provided by Core Energy Advisors LLC. All inquiries on the following listings should be directed to Core Energy. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

A group of companies has retained Core Energy Advisors LLC to sell more than 67,000 net acres of largely contiguous leasehold in the Arkoma Woodford Basin located in McIntosh, Muskogee, Pittsburg, Haskell and Okmulgee counties, Okla.

The acreage is highly prospective for Woodford and Caney shale development across the position and represents a unique opportunity to acquire a large, mostly contiguous foothold in the Arkoma Basin with a strategic development plan in place. The sellers control 111,485 gross (67,217 net) acres, of which 47% is HBP.

South Asset Package:

  • The Southern Asset Package includes 42,659 gross (25,366 net) acres across McIntosh, Haskell and Pittsburg counties. About 80% of the acreage is HBP and directly offset by both public and private-equity-backed operators targeting Woodford development.

North Asset Package:

  • The Northern Asset Package includes 68,826 gross (41,850 net) acres, predominantly in Mcintosh County. About 27% of the acreage is HBP.

Recent activity in direct offset sections to the sellers’ acreage demonstrate strong Woodford results, and sellers have a detailed interpreted technical overview of the Woodford and Caney opportunity across the position available to interested buyers, according to Core Energy.

Additionally, Core Energy said the sellers have spent considerable time to formulate a clear path to value. The development plan includes seismic acquisition strategy, midstream plan and development schedule.

The sellers have two pipelines and compressor stations across the leasehold position, access to saltwater disposal, and have a ready to drill location in the Northern Asset Package with interpreted 3-D seismic and a pad site ready.

For information visit coreenergyadvisors.com or contact Harrison Williams, managing principal for Core Energy, at hwilliams@coreenergyadvisors.com or 713-962-1400.