The following information is provided by RedOaks Energy Advisors LLC. 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.
Rimrock Resource Partners LLC and Cornerstone Petroleum Midcon LLC are offering for sale certain operated and nonoperated properties in the Midcontinent. The Company has retained RedOaks Energy Advisors as its exclusive adviser in connection with the transaction.
Key Considerations:
- Primarily operated, low-decline conventional asset base across the Eastern Anadarko Basin
- High ownership interests across the asset (average net revenue interest: 83.34%)
- Projected August 2022 net production: 2.2 MMcf/d | 214 bbl/d of liquids | 56 bbl/d of oil
- Next 12-month PDP Cash Flow: $7.9 million
- PDP PV-10: $26.6 million
- Numerous upside opportunities both up- and downhole (PBP PV-10: $35.9 million)
- Horizontal development potential / deep rights available in Carter and Stephens counties
Bids are due Aug. 30. The transaction is expected to have an effective date of Aug. 1.
A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.
Recommended Reading
OPEC Gets Updated Plans From Iraq, Kazakhstan on Overproduction Compensation
2024-08-22 - OPEC and other producers including Russia, known as OPEC+, have implemented a series of output cuts since late 2022 to support the market.
E&P Highlights: Aug. 26, 2024
2024-08-26 - Here’s a roundup of the latest E&P headlines, with Ovintiv considering selling its Uinta assets and drilling operations beginning at the Anchois project offshore Morocco.
OMV Makes Gas Discovery in Norwegian Sea
2024-08-26 - OMV and partners Vår Energi and INPEX Idemitsu discovered gas located around 65 km southwest of the Aasta Hansteen field and 310 km off the Norwegian coast.
E&P Highlights: Sep. 2, 2024
2024-09-03 - Here's a roundup of the latest E&P headlines, with Valeura increasing production at their Nong Yao C development and Oceaneering securing several contracts in the U.K. North Sea.
Breakthroughs in the Energy Industry’s Contact Sport, Geophysics
2024-09-05 - At the 2024 IMAGE Conference, Shell’s Bill Langin showcased how industry advances in seismic technology has unlocked key areas in the Gulf of Mexico.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.