Chevron Corp.; Chevron U.S.A. Inc.; Union Oil Co. of California

Transaction Type
Sellers
Marketers
Basin
Midcontinent
Field
Northeast Verden Oil Field
Post Date
Close Date
Estimated Price
0MM
Description

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.

Lot 53388

Chevron U.S.A. Inc. and Union Oil Co. of California is offering nonoperated working interest, overriding royalty interest and HBP leasehold in the Northeast Verden Oil Field in Grady and Caddo counties, Okla.

Property Highlights:

  • 52 Well Package - 36 Producing Wells | 16 Injection Wells
    • Nonoperated Working Interests in 33 Wells
    • 15.3232% - 6.25% Gross Working Interest / 12.4501% - 5.4688% Net Revenue Interest
    • Overriding Royalty Interest in Three Wells
    • 9.5703% - 0.7714% Overriding Royalty Interest (Gas)
    • 9.5703% - 0.5284% Overriding Royalty Interest (Oil)
  • Total: 3,711.033 Gross (2,051.806 Net) Acres
    • 100% HBP Leasehold
    • 760.00 Net Woodford Acres
    • 760.00 Net Sycamore Acres
  • Six-Month Average 8/8ths Production: 249 bbl/d of Oil and 258,000 Cubic Feet Per Day of Gas
  • Six-Month Average Net Income: $38,208/month
  • Operators: Apache Corp., Chaco Energy Co., Cimarex Energy Co., Kaiser-Francis Oil Co., Sheridan Production Co. LLC and Unit Petroleum Co.

Bids are due at 4 p.m. CST Dec. 13. For information visit energynet.com or contact Chris Atherton, president of EnergyNet, at Chris.Atherton@energynet.com. For additional information contact Denna K. Arias, director of transactions and business development, at Denna.Arias@energynet.com or 832-403-3125.