The following information is provided by BOK Financial Securities Inc. All inquiries on the following listings should be directed to BOK Financial Securities. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions
Unit Petroleum Co. is offering for sale producing properties and an operated saltwater gathering and disposal system in the Oklahoma Panhandle area. The company has retained BOK Financial Securities as its adviser in connection with the sale.
Highlights:
- 238 producing wells (50% operated well count)
- Net production: 3.1 MMcfe/d (August 2021) – 45% Liquids
- PDP PV-10: $14.1 million
- Net cash flow: $270,000 (August 2021)
- 2018 to Present Annual PDP decline: 6.8% gas / 14.7% oil
- 190 miles of water gathering lines and seven active saltwater disposal wells
Process Timeline
- Virtual data room opens on Nov. 10
- Offers are due on Dec. 9
For information, contact Jason Reimbold at jreimbold@bokf.com or Jeff Hawes at jhawes@bokf.com.
Recommended Reading
Shale Pioneer Harold Hamm Attacks US-Venezuela Oil Deal as ‘Desperation’
2022-12-02 - Founder of U.S. shale producer Continental Resources Harold Hamm says the Biden administration wants to put American industry “out of business.”
Investors See US Oil Between $80/bbl and $100/bbl Next Year: Survey
2022-09-20 - 56% of participants at Barclay's CEO Energy & Power Conference indicated they expect global oil inventories to be lower than OPEC+'s September 100,000-bbl/d output cut over the next 12 months.
Tellurian Says Driftwood LNG Deals with Shell, Vitol Scrapped
2022-09-26 - Tellurian announced the canceled deals a few days after withdrawing a $1 billion high-yield bond sale that would have funded the initial construction of its proposed multibillion-dollar Driftwood LNG plants in Louisiana.
Special Report: All Eyes on Natural Gas Investment
2022-09-27 - Strong demand and environmental awareness draw capital to natural gas in the upstream and midstream sectors.
Exclusive Q&A: Vaca Muerta Headwinds with Baker Institute’s Mark P. Jones
2022-09-16 - The Rice University Baker Institute for Public Policy’s Political Science Fellow Mark P. Jones recently spoke to Hart Energy about some of the headwinds confronting oil and gas investors eyeing shale opportunities in Argentina’s massive Vaca Muerta formation.