Chaparral Energy LLC

Transaction Type
Sellers
Marketers
Basin
South Oklahoma Folded Belt Basin
Post Date
Close Date
Estimated Price
MM
Description

Chaparral Energy LLC retained EnergyNet to sell oil and gas assets in the South Oklahoma Folded Belt Basin through a sealed-bid offering.

The offer includes operated working interests, nonoperated working interests, royalty and overriding royalty interests in 46 properties plus associated leasehold acreage located in Stephens County, Okla.

Property Highlights:

  • Operated Working Interest:
    • 37.50% to 100.00% WI / 32.299802% to 87.50% NRI
    • Additional 0.155009% RI in the Thomasson Sand Unit
    • Eight Producing Properties (Multiple Wells) | One Shut-In Well
  • Nonoperated Working Interest:
    • 0.9623% to 31.54348% WI / 0.8415% to 22.585412% NRI
    • Additional RIs in the Eiser #1-30 and North Alma Penn Unit Wells
    • Additional 1.70625% ORRI in the Nix #1 Well
    • 19 Producing Properties (Multiple Wells) | One Shut-In Well
    • Select Operators:
      • Citation Oil and Gas Corp.
      • Mack Energy Co.
      • Merit Energy Ltd.
      • Phoenix Petrocorp Inc.
  • Overriding Royalty Interest:
    • 0.000114% to 3.912129% ORRI
    • 16 Producing Wells | One Shut-In Well
    • Operators:
      • Chevron U.S.A. Inc.
      • Cimarex Energy Co.
      • Citation Oil and Gas Corp.
      • Marathon Oil Co.
      • Territory Resources LLC
  • 6,943.18 HBP Leasehold Acres
    • 6,526.93 Net Developed Acres
    • 416.25 Net Undeveloped Acres
  • Six-Month Average 8/8ths Production: 1,202 bbl/d of Oil and 4,458 Mcf/d of Gas
  • Six-Month Average Net Income: $50,997/Month

Bids are due at 4 p.m. CST Aug. 22. For complete due diligence information visit energynet.com or email Ethan House, vice president of business development for EnergyNet, at Ethan.House@energynet.com. For further questions contact Denna Arias, director of transactions and business development for EnergyNet, at 832-403-3125 or Denna.Arias@energynet.com.