Panhandle Oil and Gas Inc.

Transaction Type
Sellers
Marketers
Basin
Midcontinent
Field
Stack Play
Post Date
Close Date
Estimated Price
MM
Description

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

Panhandle Oil and Gas Inc. retained Meagher Energy Advisors to sell producing mineral interest in Oklahoma's Stack Play in Kingfisher County.

Asset Highlights:

  • Assets offer an attractive opportunity to acquire interest in the highly sought after Stack play
  • 24 rigs currently running in Kingfisher County
  • About 368 NMA
    • 297.63 NMA producing
  • 73 currently producing wells plus 99 horizontal drilling locations expected over the next three years
  • Gross production: 5,173 bbl/d of oil, 28,555 Mcf/d projected in August 2018
  • Net production: 14 bbl/d of oil, 347 gal NGL per day and 75 Mcf/d projected in August 2018
  • Projected net operating cash flow $36,340 in August 2018

Bids are due Sept. 18. The sale is expected to close Oct. 25 with an effective date of Aug. 1.

For information visit meagheradvisors.com or contact Jacque Semple, project manager for Meagher, at jsemple@meagheradvisors.com or 918-481-5900 ext. 221.