Marketed: Chaparral Energy Northern Anadarko Basin Package

Transaction Type
Marketers
Basin
Anadarko Basin
Announce Date
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.

An affiliate of Chaparral Energy Inc. retained EnergyNet for the sale of a northern Anadarko Basin opportunity through a sealed-bid offering closing Oct. 4.

The offering includes operations, nonoperated working interest and overriding royalty interests (ORRI) in more than 200 wells located in multiple Oklahoma counties.

Highlights:

  • Operated Working Interest in the Wellbores of 104 Wells:
    • 100.00% to 13.125% Working Interest / 87.50% to 10.37712% Net Revenue Interest
    • An Additional 6.72448% to 0.17266% ORRI in 35 Wells
    • Three Wells Completed in Multiple Formations
    • 38 Producing Wells | Eight Saltwater Disposal Wells | One Water Supply Well | 55 Non-Producing Wells | Two Plugged and Abandoned Wells
  • Nonoperated Working Interest in the Wellbores of 95 Wells:
    • 50.00% to 0.004313% Working Interest / 43.75% to 0.003623% Net Revenue Interest
    • An Additional 4.04947% to 0.056372% ORRI in Eight Wells
    • The Foster, L.A. #2-21 is Completed in Multiple Zones
    • 58 Producing Wells | 33 Non-Producing Wells | Two Shut-In Wells | One Plugged and Abandoned Well | One Temporarily Abandoned Well
    • Select Operators include Chesapeake Operating LLC, Devon Energy Production Co. LP, Riviera Operating LLC and Sandridge Exploration & Production LLC
  • ORRI in the Wellbores of Seven Wells:
    • 3.125% to 0.016382% ORRI
    • Five Producing Wells | Two Non-Producing Wells
    • Operators include BRG Petroleum LLC, Chesapeake Operating LLC, Cimarex Energy Co. and Riviera Operating LLC
  • Six-Month Average 8/8ths Production: 24.406 million cubic feet per day of Gas and 537 barrels per day of Oil
  • 10-Month Average Net Cash Flow: $54,495 per Month

Bids are due by 4 p.m. CDT Oct. 4. For complete due diligence information energynet.com or email Ethan House, vice president of business development, at Ethan.House@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.