The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
H&P Investments LLC retained the Oil & Gas Asset Clearinghouse LLC to market for sale its nonoperated working interest in multiple counties in Oklahoma.
Asset overview:
- Nonoperated working interest in 316 wells
- 48.7% working interest / 39.7% net revenue interest average ownership
- Stable cash flows and production derisked with 149 active wells operated by New Dominion LLC
- Producing primarily from the Hunton-Misener reservoirs
- Rich gas content generates higher effective gas price
- Plant proceeds derived from ethane, propane, butane and C5+
- Up to 2.3 Btu factor
Asset Summary |
|
| Well Count | 316 |
| Net Daily Production | 4.093 MMcfe/d |
| Avg. % WI / NRI | 48.7% / 39.7 % |
| Commodity Split | 97% gas |
| LTM Cash Flow | $4.69 million |
| NTM Cash Flow | $7.04 million |
| PV-10 | $19.4 million |
Bids are due March 17. The transaction is expected to have an effective date of March 1.
A virtual data room is available. For information visit ogclearinghouse.com or contact Chris Dixon at cdixon@ogclearinghouse.com or 281-984-6837.
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