The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Olifant Energy LLC retained Meagher Energy Advisors for the sale of an Austin Chalk and Eagle Ford package of assets located in Louisiana's Vernon Parish.
Highlights:
- Olifant owns 1,920 gross (1,440 net) acre lease adjacent to Brookeland Field
- 13-plus months remaining on lease (all depths)
- Austin Chalk unit already established; Order available upon request
- Thick basal Austin Chalk pay zone with nearby proven production
- Marathon Oil Corp., EOG Resources Inc. and ConocoPhillips Co. pursuing across fairway
Bids are due by April 17. The transaction is expected to close April 17 with an April 1 effective date.
For information visit meagheradvisors.com or contact Harriet Robinson, director of land and business development for the Midcontinent region, at hrobinson@meagheradvisors.com or 918-481-5900.
Recommended Reading
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
2024-02-22 - SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
CEO: Continental Adds Midland Basin Acreage, Explores Woodford, Barnett
2024-04-11 - Continental Resources is adding leases in Midland and Ector counties, Texas, as the private E&P hunts for drilling locations to explore. Continental is also testing deeper Barnett and Woodford intervals across its Permian footprint, CEO Doug Lawler said in an exclusive interview.
Chevron Hunts Upside for Oil Recovery, D&C Savings with Permian Pilots
2024-02-06 - New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.
Rystad: More Deepwater Wells to be Drilled in 2024
2024-02-29 - Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.
For Sale, Again: Oily Northern Midland’s HighPeak Energy
2024-03-08 - The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.