Fairway Resources Partners III LLC

Transaction Type
Anadarko Basin
Post Date
Estimated Price

Eagle River Holdings LLC has been exclusively retained by Fairway Resources Partners III LLC for the divestiture of operated and nonoperated working interest assets and associated development rights located in the Anadarko Basin of Hemphill, Lipscomb, Ochiltree and Roberts counties of the Texas Panhandle.

Asset Highlights

  • ~3,500 Mcfe/d net production (54% Gas / 34% NGL / 12% Oil)
  • ~$328,000 net operating monthly cash flow (3-mo average)
  • 189 wells with 54.2% average WI / 45.7% average NRI (legacy leasehold with majority of lease NRI in excess of 80%)
  • ~28,000 net and ~67,000 gross acres (100% HBP)
  • ~16.3 BCFE PDP net Reserves
  • ~78.8 BCFE PUD net Reserves (65 Cleveland horizontal PUD locations)
  • Low cost of capital upside with 27 identified workovers with potential uplift of ~700 Mcfe/d (~20% increase)
  • Unquantified upside associated with horizontal Marmaton and Tonkawa development proven to the southeast of acreage
  • Active offset rigs and permits by: BP, Tecolote, Jones Energy, Mewbourne, FourPoint and Le Norman

For information visit eagleriverholdingsllc.com or contact Brian Green, founder and managing director, at brian@eagleriverholdingsllc.com or 936-402-4895.