The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

RDV Resources Inc. retained Meagher Energy Advisors for the sale of a multibasin operated asset divestiture located in Oklahoma, Texas and Wyoming.

The offering comprises about 166,230 net acres with net production of 7,200 boe/d with positions in the SCOOP, Austin Chalk, Powder River Basin plus waterflood assets. The package also has a $7.2 million December net cash flow and $372 million PDP PV-10.

Meagher Energy Advisors Marketed Map - RDV Resources Oklahoma Texas Wyoming Operated Asset
(Source: Meagher Energy Advisors)

Highlights:

  • SCOOP Production and Leasehold
    • 12.3 MMcfe/d Net (53% Gas)
    • $1.5 million December Net Cash Flow
    • 14 Horizontal and 331 Vertical producers
    • 25,000 Net Acres
  • Core Austin Chalk Production and Leasehold
    • 760 boe/d Net (48% Oil)
    • $763,000 December Net Cash Flow
    • 49 Horizontal and 15 Vertical producers
    • 18,000 Net Acres
  • Waterflood in Pontotoc County, Oklahoma
    • 1,037 bbl/d of Oil Net
    • $1.3 million December Net Cash Flow
    • 267 Producers and Injectors
    • 2,700 Net Acres
  • Waterfloods in Howard and Glasscock Counties, Texas
    • 1,285 bbl/d of Oil Net
    • $1.6 million December Net Cash Flow
    • 231 Producers and Injectors
    • 4,500 Net Acres
  • Waterfloods in Nolan and Coke Counties, Texas
    • 1,079 boe/d Net (31% Oil)
    • $723,000 December Net Cash Flow
    • 79 Producers and Injectors
    • 44,000 Net Acres
  • House Creek and Savageton Waterflood Units in Campbell County, Wyoming
    • 656 bbl/d of Oil Net
    • $926,000 December Net Cash Flow
    • 157 Producers and Injectors
    • 72,000 Net Acres
  • Overriding Royalties in SCOOP, Austin Chalk and Powder River Basin
    • 2.1 MMcfe/d Net (58% Gas)
    • $382,000 December Net Cash Flow
    • 192 Nonoperated wells with majority of the wells and cash flow in SCOOP

Offers preferred for the entirety but proposals for select assets will be considered, according to Meagher.

Bids are due Oct. 26. Execution of a purchase and sale agreement is targeted in November. The transaction is expected to have a Dec. 1 effective date.

A virtual data room is available. For information visit meagheradvisors.com or contact Nick Asher, vice president of business development, at nasher@meagheradvisors.com.

Onshore