Lario Oil & Gas Co.

Transaction Type
Sellers
Marketers
Basin
Mississippian
Post Date
Estimated Price
MM
Description

Lario Oil & Gas Co. has retained Meagher Energy Advisors to sell certain Kansas Mississippian assets.

The package includes 100% working interest (81.25% net revenue interest) in approximately 8,704 gross and net acres of consolidated acreage blocks in Kingston County. The block is in the Sedgwick Basin in a historically producing area just north of and immediately adjacent to active Mississippian lime leasing. The lease expirations range from 2014 to 2016.

Upside includes leases covering all depths and do not contain Pugh clauses. The majority of leases have two- to five-year extension options. There are multiple prospective vertical targets in the Lansing-Kansas City, Misener, Viola and Simpson formations, which all produce in the immediate vicinity.

The bid due date is July 11. The effective date is Aug. 1. Contact Julia Foster, 303-721-6354 ext. 229, jfoster@meagheradvisors.com.