The following information is provided by TenOaks Energy Advisors. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Merit Energy Company has retained TenOaks Energy Advisors as its exclusive adviser in connection with its Oklahoma Regional Exit. The Properties are being marketed in four packages:
Package 1: Operated EOR Properties
Package 2: Operated Conventional Properties
Package 3: Nonoperated Properties
Package 4: Western Anadarko Basin Properties
Asset Highlights (All Properties)
Legacy, Conventional Production Base
- Opportunity to acquire marquee oil-weighted, long-lived assets with majority operational control
- Meaningful footprint spanning several prolific field areas across 77,260 net acres
Strong Production and Cash Flow
- Net production: 3,567 Boepd
- Stable, low-decline production profile with an avg. annual decline <10%
- Annual cash flow (PDP only): $23 MM
Properties are Well-Positioned for Substantial Growth
- Assets historically undercapitalized thus preserving numerous impactful development opportunities
- Several high-impact waterflood and CO2 flood expansion/reconfiguration programs with compelling economics
- Well-documented operational enhancement projects complemented by a deep inventory of low-cost infill locations, add pays, and up-hole recompletions
Offers are due March 21. For information visit tenoaksadvisors.com or contact B.J. Brandenberger at 214-420-2323.
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