The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Wayfinder Resources Operating and KSE Minerals has retained EnergyNet for the sale of a Mississippian/ Woodford opportunity in Canadian County, Oklahoma. The lot# 116498 package includes a 12-month average net income of $75,089 per month.
Opportunity Highlights:
- Non-Operated Working Interest in 3 Wells:
- Avg WI ~3.86% / Avg NRI ~2.95%
- An Additional RI/ORRI in 2 Wells
- Royalty and Overriding Royalty Interest in 2 Wells:
- Avg RI ~0.33% / Avg ORRI ~1.35%
- WI Participation in the Lorenzen 7-6-12-8 5WH Well:
- Seller has Elected to Participate
- Section 6: WI 4.539602% / NRI 3.543069% (Subject to Pooling Order)
- Section 7: WI 3.854099% / NRI 2.769941% (Subject to JOA)
- Spud Date: 04-29-2024
- Projected Formation: Woodford
- Total Participation Cost: ~$740,917
- Prior Regulatory Activity for Two Additional Woodford Wells beyond the Current Well Proposal
- 12-Month Average Net Income: $75,089/Month
- 6-Month Average 8/8ths Production: 11,185 MMcf/d and 614 bbl/d of oil.
- 6-Month Average Net Production: 372 MMcf/d and 20 bbl/d of oil.
- Operator: Mach Natural Resources LP
- 106.81 Net HBP Leasehold Acres
- Further subject to Oklahoma State Sales Tax
Bids are due May 14 at 4 p.m. CDT. For complete due diligence, please visit energynet.com or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.
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