Marketed: Merit Energy Anadarko Basin Nonop, Mineral/Royalty Position

Merit Energy Co. retained PetroDivest Advisors for the sale of its oil and gas nonoperated working interest and mineral and royalty interest concentrated in the core of the Anadarko Basin.

Hart Energy Staff

Merit Energy Co. retained PetroDivest Advisors to market for sale its oil and gas nonoperated working interest and mineral and royalty interest concentrated in the core of the Anadarko Basin.

The assets offer an attractive opportunity, according to PetroDivest, to acquire robust, low-decline production with growth potential including five recently drilled DUCs plus long-term cash flow bolstered by strong operating margins. The offering also includes a large, diversified nonoperated working interest and mineral/royalty interest position covering roughly 15,200 net acres that supports continued development and delineation of proven pay zones including the prolific Woodford, Springer and Sycamore formations, PetroDivest added.

Proposals are due on Nov. 3. For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

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