The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Vanguard Natural Resources Inc. retained EnergyNet for the sale of Oklahoma oil and gas assets across several counties through a sealed-bid offering.
The offer includes operated and nonoperated interests in multiple wells plus royalty and overriding royalty interests in Carter, Johnson, Love, Marshall and Stephens counties, Okla. Select operators of the nonoperated properties include Cimarex Energy Co. and Exxon Mobil Corp. subsidiary, XTO Energy Inc.
Property Highlights:
- Operations in 21 Wells:
- 75.16% to 56.60% Working Interest / 63.96% to 43.61% Net Revenue Interest
- 18 Producing Wells | 3 Non-Producing Wells
- Nonoperated Working Interest in 37 Properties (Multiple Wells):
- 67.69% to 0.39% Working Interest / 59.23% to 0.39% Net Revenue Interest
- 30 Producing Properties | 7 Non-Producing Properties
- Select Operators include Cimarex Energy Co., Citation Oil and Gas Corp. and XTO Energy Inc.
- 12.26% to 0.01% Royalty Interest or Overriding Royalty Interest in 103 Properties (Multiple Wells):
- 79 Producing Properties | 23 Non-Producing Properties | 1 Temporarily Abandoned Well
- Select Operators include Arch Oil and Gas Co., Citation Oil and Gas Corp., Kaiser-Francis Oil Co. and Marathon Oil Co.
- Six-Month Average Net Income: $239,992 per Month
- Six-Month Average 8/8ths Production: 1,745 barrels per day of Oil and 4.743 million cubic feet per day of Gas
- 1,735.494 Net Leasehold Acres
Bids are due at 4 p.m. CST March 19. For complete due diligence information energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Could Crescent, SilverBow Buy More in South Texas After $2.1B Deal?
2024-05-17 - The combination of Crescent Energy and SilverBow Resources will yield one of the Eagle Ford’s top producers—and the pro forma E&P could look to gobble up more acreage in South Texas after closing.
Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas
2024-05-07 - Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.
Brett: Oil M&A Outlook is Strong, Even With Bifurcation in Valuations
2024-04-18 - Valuations across major basins are experiencing a very divergent bifurcation as value rushes back toward high-quality undeveloped properties.
SilverBow Gears Up for Proxy Fight with Kimmeridge
2024-04-09 - Both SilverBow Resources and Kimmeridge Energy Management have proposed a slate of candidates for the board of directors with a vote set for May 21.
Kimmeridge-SilverBow Public Feud Gets Ugly as Firm Suggests New Directors
2024-04-01 - Kimmeridge Energy Management said in a letter that should SilverBow continue to “stonewall” consideration of a merger offer, shareholders should elect three new independent board members.