The following information is provided by TenOaks Energy Advisors LLC. 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.
SandRidge Mississippian Trust I (SDT) is divesting all of its royalty interests located in Northern Oklahoma as part of a planned dissolution of the trust. SDT has retained TenOaks Energy Advisors as its exclusive adviser in connection with the transaction.
- ORRI position spanning 69 producing horizontal wells
- Low-decline production profile
- Strong cash flow generation | Next 12-Month cash flow: $2 million
- Diversified commodity base: 62% gas | 38% liquids
- Operators include SandRidge Energy Inc. and Mach Resources LLC
Bids are due by noon CST on Feb. 19. A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact Trey Bonvino at TenOaks Energy Advisors at 214-420-2331 or Trey.Bonvino@tenoaksadvisors.com.
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
Should there be a deal for Alta Resources, it would be the latest in a string of tie-ups among gas producers in the U.S. Northeast.
Murphy Oil plans to use proceeds from its Malaysia exit to PTTEP for share buybacks as well as funding Eagle Ford Shale and U.S. Gulf of Mexico operations.