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Raven Resources LLC retained Oil & Gas Asset Clearinghouse LLC for the sale of an Oklahoma overriding royalty interest (ORRI) package in Canadian County.
- 2.375% ORRI
- Current production of 139 barrels per day of oil and 3.181 million cubic feet per day
- Producing formation Mississippian
- Operated by Paloma Operating Co. Inc.
- New four well pad completed, anticipated first-quarter 2020 spud
Bids are due by Dec. 12. Data room is currently open.
ConocoPhillips continues to find ways to improve through the use of refracs, simul-fracs and other technologies, says Jack Harper, former Concho exec now leading Conoco’s Permian Basin team.
The company reported Oct. 29 third-quarter 2019 earnings of $3.1 billion, up from $1.9 billion a year earlier.
The company reported Oct. 29 net income of $558 million for third-quarter 2019, compared to a loss of $199 million a year earlier.