Marketed: Sinclair Oil Arkoma Basin Operated, Nonop, ORRI Assets

SOGC Inc., formerly Sinclair Oil & Gas Co., retained Eagle River Energy Advisors LLC to sell certain operated and nonoperated working interest and overriding royalty interest (ORRI) assets in the Arkoma Basin.

Provided by Eagle River Energy Advisors

Eagle River Energy Advisors LLC has been exclusively retained by SOGC Inc. (formerly Sinclair Oil & Gas Co.) to divest certain operated and nonoperated working interest and overriding royalty interest (ORRI) assets in the Arkoma Basin.

The assets provide the opportunity to acquire a gas-weighted production stream of 4,500 Mcfe/d diversified across multiple basin-leading operators. Additionally, this package has stable production from wide-ranging well vintages with 98% of wells producing for over 3 years and generated $3.7 million of cash flow during the last 12-month period ending November 2021. Lastly, 11,117 net acres of leasehold provides significant exposure to future development of the Woodford Shale.

Bids for the acquisition opportunities with SOGC Inc. are due April 28. A virtual data room will be available starting April 7. The transaction effective date is May 1. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.

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