The following information is provided by Anderson King Energy. All inquiries on the following listings should be directed to Anderson King Energy. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Scout Energy Partners retained Anderson King Energy as its exclusive adviser in connection with the sale of certain Texas conventional operated assets.
The assets are located among prolific legacy fields including the Claytonville, Panhandle Oil & Gas, Slaughter, and Snyder Fields. These mature, low-decline (~5%) assets have net production of 2,650 boe/d and net cash flow of $1.6 million per month.
PDP reserves are 14.1 million boe and $75.2 million PV-10. The 1,120 active operated producers are shallow (~2,500 ft) with low LOE ($13.40/boe) and excellent value diversification, according to Anderson King Energy.
Upside includes 18.4 million boe and $138 million PV-10. The diverse upside inventory includes expansion of an existing steamflood, new waterflood and CO2 flood potential, workovers, refracs, recompletions and new drills.
The assets also include significant infrastructure with over 500 miles of a 100% owned/operated gathering system and 50% ownership in a 23 MMscf/d cryogenic expander plant.
2022-12-01 - Civitas Resources in the D-J Basin is aligning executive compensation with stakeholders, meeting emissions reduction targets and is on target to generate $1 billion in annual free cash flow this year. And inside its C-suite, a millennial woman from Colombia is showing everyone how it’s done.
2022-11-30 - Today's featured Forty Under 40 honoree is Ashley Gilmore, who serves as CEO of Tracts based in Fort Worth, Texas.
2022-11-30 - The Pennsylvania attorney general charged Coterra Energy in 2020 after a grand jury investigation showed that drilling unconventional gas wells by the company had been responsible for methane pollution in the local water supply.
2022-11-30 - Shale royalty Bryan Sheffield and Dick Stoneburner shift their attention to Australia.
2022-11-29 - CCUS has the potential to decarbonize 45% of remaining emissions from carbon-intensive industries, according to McKinsey & Co. research, but achieving that level of reduction is mission impossible with the current level of investment.