Marketed: Multiple Chaparral Energy Properties Across Western Oklahoma

Transaction Type
Sellers
Marketers
Basin
Midcontinent
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.

Chaparral Energy Inc. retained EnergyNet for the sale of multiple properties across western Oklahoma through a sealed-bid offering closing May 30.

The offer comprises 610 properties across multiple Oklahoma counties and includes operations, nonoperated working interest, royalty interest and overriding royalty interest (ORRI).

Select operators of the properties, which are generating an average cash flow of over $300,000 per month, include Apache Corp. and an affiliate of Chesapeake Energy Corp.

Highlights:

  • Operating Working Interest in 144 Properties (Wellbore Only):
    • 100.00% to 19.92917% Working Interest / 84.76562% to 1.37598% Net Revenue Interest 
    • An Additional Royalty Interest/ORRI in 29 Properties
    • The Clow "A" #1-8 is Completed in Multiple Formations
    • 93 Producing Properties | Two Salt Water Disposals | 48 Non-Producing Properties | One Temporarily Abandoned Property
  • Nonoperated Working Interest in 399 Properties (Wellbore Only):
    • 50.00% to 0.000667% Working Interest / 42.65625% to 0.000534% Net Revenue Interest
    • An Additional Royalty Interest/ORRI in 49 Properties
    • Nine Wells Completed in Multiple Formations
    • 308 Producing Properties | 79 Non-Producing Properties | 11 Plugged and Abandoned Properties | One Temporarily Abandoned Well
  • Royalty/Overriding Royalty Interest in 43 Properties (Wellbore Only):
    • 5.00% to 0.007131% Royalty Interest/ORRI
    • The Giles #1-3 is Completed in Multiple Formations
    • 31 Producing Properties | Nine Non-Producing Properties | Three Plugged and Abandoned Properties
  • Six-Month Average 8/8ths Production: 39.127 million cubic feet per day of Gas and 1,223 barrels per day of Oil
  • 12-Month Average Net Cash Flow: $323,292 per Month
  • Select Operators include Apache Corp., Chesapeake Operating LLC, EnerVest Operating LLC, Kaiser-Francis Oil Co. and Unit Petroleum Co.

Bids are due by 4 p.m. CDT May 30. 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.

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