Marketed: Red Sky Resources SCOOP/Merge/STACK Nonop Assets
Red Sky Resources retained Detring Energy Advisors for the sale of its roughly 2,900 net acres of nonoperated working interest across the SCOOP/Merge/STACK fairway.
Provided by Detring Energy Advisors
Red Sky Resources has retained Detring Energy Advisors to market for sale its roughly 2,900 net acres of nonoperated working interest across the SCOOP/Merge/STACK (SMS) fairway.
The combined assets offer a 96% HBP footprint spanning the core of the play with exposure to 120+ drilling units and a liquids-rich production base of generating next 12-month cash flow of about $19 million (PDP only) fully supporting the continued development of 30 DUCs and 33 permits. Detrin added the assets include about 300 highly-economic undeveloped locations throughout the prolific Mississippian and Woodford formations.
Evaluation materials are available via the Virtual Data Room on April 14. Bids are due on May 19. For information visit detring.com or contact Melinda Faust at email@example.com or 512-296-4653.