The following information is provided by RedOaks Energy Advisors. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
SNR Operating LLC retained RedOaks Energy Advisors as its exclusive advisor in connection with the sale of certain operated properties in Sumner and Cowley counties, Kansas. The properties include an operated working interest in 5,178 net acres producing approximately 109 bbl/d.
Key considerations:
- Opportunity to acquire an operated Cherokee Platform position with shallow decline
- 5,969 gross | 5,178 net acres (100% HBP)
- 71 active producers | 17 active SWDs / water injection wells (avg. Lease WI: 97% NRI:79%)
- Current net daily production: 109 Bopd (100% Oil)
- NTM PDP net cash flow: $1.8 MM
- PDP PV-10: $8.1 MM
- Significant remaining upside inventory
- Multiple behind-pipe and return-to-production projects
- Infill development: numerous 40-acre Mississippian drilling locations
Bids are due at noon CDT on Feb. 28. Upon execution of a confidentiality agreement, RedOaks will provide access to the Virtual Data Room, which opens Jan. 27.
For more information visit redoaksenergyadvisors.com or contact Will McDonald, vice president at RedOaks Energy Advisors, at will.mcdonald@redoaksadvisors.com or 214-727-4996.
Recommended Reading
Quantum Capital’s View on AI: Lots of Benefits, Pain Points
2024-05-16 - The energy industry is lagging in the race to implement AI, but Sebastian Gass, CTO of Quantum Capital Group, offered a few solutions during Hart Energy’s 2024 SUPER DUG Conference & Expo.
Aramco Credits Adaptability, Collaboration for Driving Innovation
2024-05-15 - Aramco’s implementation of different approaches has led to the creation and commercialization of newer products, said Max Deffenbaugh, principal scientist for Aramco, at the 2024 Offshore Technology Conference in Houston.
OTC: E&Ps Improving Operational Safety with Digitization
2024-05-13 - Artificial intelligence and the digitization of the oilfield have allowed for several improvements in keeping operators out of harm’s way, panelists said during the 2024 Offshore Technology Conference.
Exclusive: Cost-effective Benefits of Extracting from Mature Assets
2024-05-13 - Baker Hughes' well abandonment leader Bart Joppe details the importance of extracting resources from mature assets and the company's approach to managing a well, in this Hart Energy Exclusive interview.
TGS Starts Up Multiclient Wind, Metaocean North Sea Campaign
2024-05-07 - TGS is utilizing two laser imaging and ranging buoys to receive detailed wind measurements and metaocean data, with the goal of supporting decision-making in wind lease rounds in the German Bright.