The following information is provided by Houlihan Lokey Capital Inc. All inquiries on the following listings should be directed to Houlihan Lokey. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Merit Energy Co. retained Houlihan Lokey Capital Inc. for the sale of its liquids-weighted, shallow-decline Hugoton Basin properties located in southern Kansas and northern Oklahoma.
- Current production of about 2,700 barrels of oil equivalent (boe/d) net (56% liquids) and stable proved developed producing (PDP) base decline of 5%
- Meaningful footprint of about 250,000 company net acres (roughly 100% HBP, 98% operated)
- High operated ownership of 93% working interest / 80% net revenue interest
- Net proved (1P) reserves of about 17 million boe; PV-10 value of roughly over $133 million
- Multiple secondary recovery opportunities with favorable economics
- Large inventory of 3-D seismic data will be transferable with the asset sale
- Competitive midstream market with ample takeaway capacity
- Additional value uplift from helium extraction supported by strong global demand
2022-10-03 - Charif Souki was the first to new-build a U.S. LNG import plant this century. He followed with the first Lower 48 LNG export plant. His thoughts on this 2022 chapter of the global natural gas story include “misery” and “nervous” and “total nonsense.”
2022-09-19 - Entrepreneurs gathered to pitch innovative and sustainable solutions to energy investors at a recently held energy tech venture forum by Rice University.
2022-09-21 - Effective Jan. 2, Corey Grindal will relocate again to Cheniere Energy’s headquarters in Houston from London where he has served as executive vice president of worldwide trading since 2020.
2022-09-21 - Two former top executives of CFE International awarded contracts to Texas-based WhiteWater Midstream for a pipeline and gas supply that saddled the company with hundreds of millions of dollars in damages, alleges a lawsuit.
2022-09-21 - TotalEnergies said in a statement it regretted the litigation, adding that it viewed its commitment to renewable energy and electricity as “a much more efficient response to the climate challenge than litigation.”