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.
Longview Energy Co. retained Meagher Energy Advisors to sell Arkoma Basin gas production with proprietary 3-D seismic assets.
The Arkoma assets are located in Le Flore, McIntosh and Okmulgee counties, Okla., and Sebastian County, Ark.
Asset Highlights:
- Proprietary 79 square miles of high-quality 3-D data in Le Flore and Sebastian, counties
- No licenses outstanding; buyer will own the seismic free and clear
- No other 3-D seismic has ever been shot over this acreage
- Workstation will be set up to view the 3-D seismic in Meagher’s Tulsa office
- 107 well bores; 22 operated wells and 85 nonoperated wells
- 5,601.81 net leasehold acres; all HBP
- Stable production and cash flow
- Projected average monthly net cash flow of $20,203
- Projected average 12-month Gross production: 1,623 Mcf/d
- Projected average 12-month Net production: 674 Mcf/d
- Extensive land data to enable Buyer to expand position
Geology/Reservoir:
- 3-D seismic should lead to several drillable prospects, both structural and stratigraphic in nature
- 3-D seismic area is underlain by 50 ft to 120 ft of gross Woodford along with a developed Caney and Mississippian interval
- One vertical well penetrated and tested the Woodford resulting in pipeline quality gas
- Extensive geological and geophysical mapping done by geologist and geophysicist who redeveloped Red Oak Field for BP
- A workstation will be set up at the Meagher Tulsa office for Buyers to view the 3-D seismic
Bids are due Oct. 25. The transaction is expected to close Nov. 29 with an effective date of Sept. 1.
For information visit meagheradvisors.com or contact Jacque Semple, project manager with Meagher, at jsemple@meagheradvisors.com or 918-481-5900 ext. 221.
Recommended Reading
Orange Basin Serves Up More Light Oil
2024-03-15 - Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.
Rystad: More Deepwater Wells to be Drilled in 2024
2024-02-29 - Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
2024-02-22 - SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
Deepwater Roundup 2024: Offshore Australasia, Surrounding Areas
2024-04-09 - Projects in Australia and Asia are progressing in part two of Hart Energy's 2024 Deepwater Roundup. Deepwater projects in Vietnam and Australia look to yield high reserves, while a project offshore Malaysia looks to will be developed by an solar panel powered FPSO.
Oceaneering Won $200MM in Manufactured Products Contracts in Q4 2023
2024-02-05 - The revenues from Oceaneering International’s manufactured products contracts range in value from less than $10 million to greater than $100 million.