Ranken Energy Corp.

Transaction Type
Basin
Midcontinent
Field
LeFlore
Post Date
Estimated Price
MM
Description

Ranken Energy Corp. is offering up to 50% of all interests in its LeFlore Area Field in Garvin County, Oklahoma. The package includes a 75% net revenue interest in 240 acres, with 200 held by production. The assets involve five producing wells in sections 13, 18, 19, 20, & 24-3N-1W. One new well was completed with an initial production rate of 560 barrels of oil per day. Production for December was 1,074 barrels of oil and 117,000 cubic feet of gas per day. Proved reserves as of Jan. 1 are 2.38 million barrels of oil and 820 million cubic feet of gas with total proved, possible and probable reserves of 2.6 million barrels of oil and 2.4 million cubic feet of gas. Upside includes one proved undeveloped location and five proved developed not producing zones behind pipe. Contact Charles Brown, 405-340-2363, rcoy@ranken-energy.com.