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

Transaction Type
Sellers
Marketers
Basin
Midcontinent; Merge/Scoop
Post Date
Close Date
Estimated Price
MM
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 53385

Chevron U.S.A. Inc. and Union Oil Co. of California is offering nonoperated working interest, overriding royalty interest, HBP leasehold and mineral fee in the Merge/Scoop area in Grady and McClain counties, Okla.

Property Highlights:

  • 36 Well Package - 35 Producing Wells | One Pending
    • Nonoperated Working Interests in 32 Wells
    • 47.6558% - 6.25% Gross Working Interest / 38.6429% - 5.4688% Net Revenue Interest
    • Royalty Interest/Overriding Royalty Interest in Four Wells
    • 1.3672% - 0.0977% Royalty Interest/Overriding Royalty Interest
  • Total: 1,167.208 Gross (1,011.231 Net) Acres
    • Includes 42.50 Gross/Net Acres - Mineral Fee
    • 185.865 Net Woodford Acres
    • 1,012.102 Net Sycamore Acres
  • Six-Month Average 8/8ths Production: 74 bbl/d of Oil and 1.734 MMcf/d of Gas
  • Six-Month Average Net Income: $13,435/month
  • Operators: Chesapeake Operating Inc., Kaiser-Francis Oil Co., Linn Operating Inc., Samson Resources Co. and St. Mary Land & Exploration 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.