Caerus Oil and Gas LLC is selling 129,000 net acres of producing Anadarko Basin properties and has retained Meagher Energy Advisors to oversee the transaction.
The properties consist of a large, contiguous HBP acreage position in Texas County, Okla. The offer includes numerous vertical and horizontal opportunities, according to Meagher.
Highlights:
- 159 producing wells predominantly operated by Caerus;
- Net production of 2,380 thousand cubic feet per day (Mcf/d), 58 barrels per day (bbl/d) of oil and 57 bbl/d of NGL;
- 6 Bcf and 382 Mbbl net remaining proved developed producing reserves;
- Projected November cash flow of $140,000;
- 129,000 net acres;
- About 95% fee acreage;
- 100% HBP;
- 196 behind pipe opportunities;
- Primary horizons include Council Grove, Morrow and Cherokee;
- Additional opportunities in Lansing, Marmaton, Keyes, Topeka and Toronto;
- Target depths typically less than 7,000 feet; and
- Extensive geologic database.
Bids are due Nov. 10. The sale is expected to close Dec. 15 with a Nov. 1 effective date.
For information visit meagheradvisors.com or contact Nick Asher, vice president of business development with Meagher, at 303-721-6354.
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