Walter Oil & Gas Corp.
Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
0MM
Description
Walter Oil & Gas Corp. has retained The Oil & Gas Asset Clearinghouse to sell its interest in 26,330 gross acres in Carter and Love counties, Okla. through a negotiated transaction.
Walter has 14,172 net acres in a contiguous lease block, with 77% net revenue interest in more than 90% of the block.
It has three-dimensional seismic acquisition underway by a major industry operator. A new horizontal Woodford discovery producing about 400 barrels of oil per day lies just south of the lease block.
The electronic data room opens Oct. 23. The effective date is Nov. 1 and the bid due date is Nov. 28. For additional information contact Ken Reed, manager, client relations at The Oil & Gas Asset Clearinghouse, 832-601-7609.