Marketed: Red Sky Resources SCOOP/Merge/STACK Nonop Assets

Transaction Type
Sellers
Marketers
Basin
Midcontinent; SCOOP Play; STACK Play; Merge
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

The following information is provided by Detring Energy Advisors LLC. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Red Sky Resources has retained Detring Energy Advisors to market for sale its roughly 2,900 net acres of nonoperated working interest across the SCOOP/Merge/STACK (SMS) fairway.

The combined assets offer a 96% HBP footprint spanning the core of the play with exposure to 120+ drilling units and a liquids-rich production base of generating next 12-month cash flow of about $19 million (PDP only) fully supporting the continued development of 30 DUCs and 33 permits. Detrin added the assets include about 300 highly-economic undeveloped locations throughout the prolific Mississippian and Woodford formations.

Process Summary

  • Evaluation materials available via the Virtual Data Room on April 14
  • Bids are due on May 19

For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.

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