The following information is provided by Core Energy Advisors LLC. All inquiries on the following listings should be directed to Core Energy. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
River Ranch Capital LLC retained Core Energy Advisors LLC for the sale of its interests in oil and gas properties in Oklahoma, the majority of which are in the Scoop play in Grady County.
Highlights:
- There are currently 274 producing wells, and full development of the properties will require at least an additional 500 wells.
- Highly diversified asset. Large gross reserves—over 82 million barrels of oil and 523 billion cubic feet for the Proved Producing alone. Interests in individual wells are small.
- PV-10 Value Total Proved Plus Probable is $15.208 million at the NYMEX strip prices as of March 1.
- Primarily Operated by Continental Resources and Newfield Exploration (now Encana).
- All Acreage is HBP and all locations are in-fill.
Bids are due by noon on April 24. For information visit coreenergyadvisors.com or contact Harrison Williams, managing principal for Core Energy, at hwilliams@coreenergyadvisors.com or 713-962-1400.
Recommended Reading
Occidental Explores Sale of Permian Assets Worth Over $1B, Sources Say
2024-05-03 - Occidental Petroleum is exploring a sale of assets in the Barilla Draw region of Texas, which is located within the Delaware portion of the Permian Basin.
Marketed: Navigation Powder River Eight Leasehold Lots in Wyoming
2024-04-09 - Navigation Powder River has retained EnergyNet for the sale of eight non-producing federal leasehold lots in Converse and Campbell counties, Wyoming.
Making Bank: Top 10 Oil and Gas Dealmakers in North America
2024-02-29 - MergerLinks ranks the key dealmakers behind the U.S. biggest M&A transactions of 2023.
EIA: E&P Dealmaking Activity Soars to $234 Billion in ‘23
2024-03-19 - Oil and gas E&Ps spent a collective $234 billion on corporate M&A and asset acquisitions in 2023, the most in more than a decade, the U.S. Energy Information Administration reported.
Is Double Eagle IV the Most Coveted PE-backed Permian E&P Left?
2024-04-22 - Double Eagle IV is quietly adding leases and drilling new oil wells in core parts of the Midland Basin. After a historic run of corporate consolidation, is it the most attractive private equity-backed E&P still standing in the Permian Basin?