The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Remora Petroleum LP retained EnergyNet for the sale of a North Anadarko Basin/Mississippian package of Oklahoma assets through a sealed-bid offering closing Dec. 3.
The offering includes nonoperated working interest, overriding royalty interest (ORRI) and royalty interest in 197 wells plus minerals and leasehold in Alfalfa, Garfield, Grant, Kay, Noble and Woods counties, Okla.
Highlights:
- Nonoperated Working Interest in 195 Wells:
- 25.00% to 0.3125% Working Interest / 20.504181% to 0.253906% Net Revenue Interest
- An Additional 1.193356% ORRI in the Elmer 2312 1-4H and 2-4H Wells
- An Additional 0.160217% Royalty Interest in Four Wells
- 169 Producing Wells | Seven Saltwater Disposals | 18 Non-Producing Wells | One Plugged and Abandoned Well
- 3.515625% Royalty Interest in the Producing Egger 2311 1-12H Well
- 0.625% ORRI in the Producing Lancaster 2614 2H-23B Well
- Six-Month Average 8/8ths Production: 692 barrels per day of Oil and 14.318 million cubic feet per day of Gas
- 12-Month Average Net Cash Flow: $266,034 per Month
- 10,709.62 Net Leasehold Acres
- 495.99 Net Mineral Acres
- Operators include BCE-Mach LLC, Koda Operating LLC, Midstates Petroleum Co. Inc., Sandridge Exploration & Production LLC, SK Plymouth LLC and White Star Petroleum LLC
Bids are due by 4 p.m. CDT Dec. 3. For complete due diligence information visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
ONEOK CEO: ‘Huge Competitive Advantage’ to Upping Permian NGL Capacity
2024-03-27 - ONEOK is getting deeper into refined products and adding new crude pipelines through an $18.8 billion acquisition of Magellan Midstream. But the Tulsa company aims to capitalize on NGL output growth with expansion projects in the Permian and Rockies.
Dallas Fed Energy Survey: Permian Basin Breakeven Costs Moving Up
2024-03-28 - Breakeven costs in America’s hottest oil play continue to rise, but crude producers are still making money, according to the first-quarter Dallas Fed Energy Survey. The situation is more dire for natural gas producers.
EIA: E&P Dealmaking Activity Soars to $234 Billion in ‘23
2024-03-19 - Oil and gas E&Ps spent a collective $234 billion on corporate M&A and asset acquisitions in 2023, the most in more than a decade, the U.S. Energy Information Administration reported.
Ohio Oil, Appalachia Gas Plays Ripe for Consolidation
2024-04-09 - With buyers “starved” for top-tier natural gas assets, Appalachia could become a dealmaking hotspot in the coming years. Operators, analysts and investors are also closely watching what comes out of the ground in the Ohio Utica oil fairway.
From Tokyo Gas to Chesapeake: The Slow-burning Fuse that Lit Haynesville M&A
2024-03-01 - TG Natural Resources rides the LNG wave with Rockcliff deal amid shale consolidation boom.