The following information is provided by Eagle River Energy Advisors LLC. All inquiries on the following listings should be directed to Eagle River. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Eagle River Energy Advisors LLC has been exclusively retained by a private seller to divest certain nonoperated working interest, overriding royalty interest (ORRI) and mineral assets in the Arkoma Basin in Oklahoma.
The assets provide the opportunity, according to Eagle River, to acquire a gas-weighted production stream of 436 Mcfe/d diversified with 40 PDP wells across Hughes County, Oklahoma. Additionally, the package has stable production with an average well age of 4.5 years and is projected to make $814,000 in net cash flow over the next 12 months. Lastly, the asset provides a shallow decline of 10% with low operating costs of $0.35/Mcfe.
Highlights:
- Diversified Asset Base
- Production of 436 Net Mcfe/d is 49% gas (January 2023)
- Well seasoned production with average well age of 4.5 years
- Operators include Blackbeard, Trinity and Calyx
- Well Count by Interest – 9 mineral interest/40 ORRI/28 working interest
- Shallow forecasted decline rate of ~10%
- Highly Profitable Asset
- Production primarily from Woodford formation
- Operating costs of $0.35/Mcfe (last 12-month average)
- Last 12-month net cash flow = $597,000
- PDP PV-10 = $4.0 million; PDP PV-20 = $2.7 million
Bids are due at 4 p.m. MT on Dec. 14. The transaction effective date is Jan. 1.
A virtual data room will be available starting Nov. 16. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.
Recommended Reading
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
2024-03-18 - CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
2024-03-13 - TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
Proven Volumes at Aramco’s Jafurah Field Jump on New Booking Approach
2024-02-27 - Aramco’s addition of 15 Tcf of gas and 2 Bbbl of condensate brings Jafurah’s proven reserves up to 229 Tcf of gas and 75 Bbbl of condensate.
Well Logging Could Get a Makeover
2024-02-27 - Aramco’s KASHF robot, expected to deploy in 2025, will be able to operate in both vertical and horizontal segments of wellbores.
Shell Brings Deepwater Rydberg Subsea Tieback Onstream
2024-02-23 - The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.