Marketed Nonop Interest Utica/Point Pleasant Wells Meagher Tracker Lario Utica

Tracker Lario Utica LLC is offering Utica/Point Pleasant assets in a sale being handled by Meagher Energy Advisors.

The offer includes nonoperated working interest and overriding royalty interest in producing wells located in Harrison and Noble counties, Ohio.

Highlights:

  • 10 producing Utica/Point Pleasant wells;
  • 269 barrels of oil equivalent per day of net production (three-stream)
    • 89 barrels per day of oil and 698,000 cubic feet per day;
  • 1.5 billion cubic feet equivalent (Bcfe) to 2.5 Bcfe per 1,000-ft lateral EURs; and
  • $120,000 per month net cash flow.

Upside opportunities consist of eight drilled but uncompleted farm-out wells and 11 well locations (six overriding royalty interest and five working interest) as well as seven drilling spacing units and farm-out in three units with overriding royalty interest converting to working interest.

Tracker Lario Utica is an operating subsidiary of Denver-based Tracker Resource Development.

Bids are due May 18. The sale is expected to close June 23 with a May 1 effective date.

For information visit meagheradvisors.com or contact Nick Asher, vice president business development with Meagher, at 303-721-6354.