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Affiliates of Chevron Corp. retained EnergyNet Indigo for the sale of its assets in the Carter Knox Field in Oklahoma's Grady and Stephens counties. The offering includes operations, nonoperated working interest and royalty interest.
- Operations in Carter Knox Field:
- Average Working Interest 49.1871% / Average Net Revenue Interest 41.9806%
- 52 Producing Wells | Six Shut-In Wells | Two Temporarily Abandoned Wells
- Producing from the Hunton, Sycamore, Viola, Bromide, Goddard, Morrow and Woodford Formations
- Nonoperated Working Interest in Carter Knox Field:
- Average Working Interest 11.1478% / Average Net Revenue Interest 9.2601% (Before Payout)
- 52 Producing Wells | Nine Shut-In Wells | One Temporarily Abandoned Well
- Three Non-Consent (After Payout Only) Wells
- Select Operators include Mack Energy Co., Gulfport Midcon LLC and Marathon Oil Co.
- Royalty Interest in Carter Knox Field:
- Average Royalty Interest 2.0652%
- 68 Producing Wells | 23 Shut-In Wells
- Select Operators include Mack Energy Co. and Marathon Oil Co.
- Six-Month Average 8/8ths Production: 69.213 MMcf/d of Gas and 2,600 bbl/d of Oil
- 12-Month Average Net Income: $233,117/Month
- Operator Bond Required
Bids are due Aug. 28. A data room is available.
The Chevron Carter Knox package is listed on EnergyNet’s new platform, EnergyNet Indigo, which is tailor-made for higher valued assets. The platform features asset deals valued from $20 million to more than $250 million, according to the A&D advisory firm.
For complete due diligence information visit indigo.energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
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