Marketed Stack Scoop Merge Mineral Leasehold Rights

Red Stone Resources LLC is offering mineral and leasehold assets located throughout the core of the Stack/Scoop/Merge plays in Oklahoma through a sale handled by Detring Energy Advisors.

The offer consists of a large position with Mississippian, Woodford and Springer stacked-pay potential. Key counties include Blaine, Kingfisher, Canadian and McClain counties, Okla.

Highlights:

  • About 6,000 net royalty acres;
    • Average 20 net royalty acres per section;
    • Roughly 40% of sections have recent activity, Detring said;
  • About 4,000 leasehold acres;
    • Average 40 net acres per section;
    • Participating in nine wells currently (majority two-mile laterals);
  • Large position with 80 horizontal rigs currently running proximate to acreage, Detring said;
    • Mississippian (Meramec/Osage/Sycamore), Woodford and Springer stacked-pay offers more than 1 million barrels of oil equivalent EUR’s across the properties;
  • Operators include Devon Energy Corp. (NYSE: DVN), Cimarex Energy Co. (NYSE: XEC), Continental Resources Inc. (NYSE: CLR), Newfield Exploration Co. (NYSE: NFX).

Bids are due April 19. For information visit detring.com or contact Melinda Faust, director with Detring, at 713-907-2003.