Ranken Energy Corp.

Transaction Type
Field
Paoli North Field
Post Date
Estimated Price
MM
Description

Ranken Energy Corp. is offering up to 100% of its 1,052-acre Paoli North Field in McClain County, Oklahoma. The field is in sections 27, 28, 33, and 34-5N-1W. The assets include six producing wells. Current production is 48 barrels of oil and 293,000 cubic feet of gas per day. Net revenue interest is about 78%. Upside includes 11 proved undeveloped locations, five proved developed nonproducing zones behind pipe, plus 10 probable locations. The Viola and Trenton reservoirs are potentially productive at each 40-acre location. Up to 30 wells could be drilled. Contact Charles Brown, 405-340-2363, cbrown@ranken-energy.com.