The following information is provided by Detring Energy Advisors LLC. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Camino Natural Resources LLC retained Detring Energy Advisors for the sale of oil and gas producing properties, leasehold and related assets located in Grady County within the Southern Oklahoma Hoxbar Oil Trend.
The assets comprise a contiguous acreage position with a highly economic drill-ready development program and active nonoperated program targeting the Marchand member of the Hoxbar Group with proven upside in the Medrano member, according to Detring.
Highlights:
- About 2,940 Net Acres (89% HBP)
- Large and contiguous position
- 61% operated with balance nonop under premier Hoxbar operator, Unit Petroleum Co.
- Development plan focuses on the prolific Marchand member of the Hoxbar group with upside in the Medrano member (About 95 and 75 horizontal locations, respectively)
- Highly economic results achieved by Camino and others
- Roughly 40%-60% rate-of-return type curve by applying modern completions techniques to conventional reservoirs
- Marchand IP-30 and EUR of about 1,000 barrels of oil equivalent per day (boe/d) and 1 million barrels of oil equivalent (boe), respectively, for 7,500 ft laterals at roughly 65%-75% oil
- About 600 boe/d net production (65% liquids) with roughly 4.5 million next 12-months cash flow
- About 19 million proved developed producing PV-10 value; 35 million boe 3P net reserves
- Significant resource potential in both the Marchand & Medrano members of the Hoxbar Group
- Camino acreage encompasses an area with roughly 3,000 ft of gross section, more than 550 ft net sand, and seven stacked horizontal targets
- Camino has successfully drilled wells in the Medrano and Marchand (upper, middle and lower) units
Process Summary:
- Virtual data room opens June 12
- Bids due July 17
For information visit detring.com or contact Melinda Faust at mel@detring.com or 713-595-1004.
Recommended Reading
Gunvor Group Inks Purchase Agreement with Texas LNG Brownsville
2024-03-19 - The agreement with Texas LNG Brownsville calls for a 20-year free on-board sale and purchase agreement of 0.5 million tonnes per annum of LNG for a Gunvor Group subsidiary.
CoolCo, GAIL Enter Long-term LNG Agreement
2024-05-16 - CoolCo and GAIL’s agreement is intended to secure long-term LNG supply in India’s market, with GAIL having an option to extend the 14-year agreement by another two years.
Sempra Targets Summer 2025 for Commercial Start of ECA LNG Phase 1
2024-03-06 - Sempra is targeting the summer of 2025 as the commercial operations date for its 3.25 mtpa (0.43 Bcf/d) nameplate capacity Energía Costa Azul LNG Phase 1 project, located in Ensenada in Baja California, Mexico.
NextDecade Targets Second Half of 2024 for Phase 2 FID at Rio Grande LNG
2024-03-13 - NextDecade updated its progress on Phase 1 of the Rio Grande LNG facility and said it is targeting a final investment decision on two additional trains in the second half of 2024.
Texas LNG Export Plant Signs Additional Offtake Deal With EQT
2024-04-23 - Glenfarne Group LLC's proposed Texas LNG export plant in Brownsville has signed an additional tolling agreement with EQT Corp. to provide natural gas liquefaction services of an additional 1.5 mtpa over 20 years.