Chaparral Energy LLC

Transaction Type
Sellers
Marketers
Basin
South Oklahoma Folded Belt Basin
Post Date
Close Date
Estimated Price
MM
Description

Chaparral Energy LLC retained EnergyNet to sell operated assets plus associated leasehold acreage in the South Oklahoma Folded Belt Basin.

The offer includes 100% gross working interest with operations in the NW Velma Hoxbar Unit and the Bruce Ridley #1 well and 489.58 net leasehold acres in Stephens County, Okla.

Property Highlights:

  • 100.00% WI / 87.179684% NRI in the NW Velma Hoxbar Unit:
    • 25 Producing Wells | One Injection Well | Four Shut-In Wells
    • Nine Service Wells | Two Plugged and Abandoned Wells
  • 100.00% WI / 87.50% NRI in the Bruce Ridley #1 Well (Wellbore Only) - UPDATE
  • Six-Month Average 8/8ths Production: 137 bbl/d of Oil and 2,940 Mcf/d of Gas (Includes Recycled CO2)
  • Six-Month Average Net Income: $139,103/Month
  • 660.00 Gross / 489.58 Net Leasehold Acres

Chaparral also has another package of operated working interests, nonoperated working interests, royalty and overriding royalty interests plus associated leasehold acreage in Stephens for sale through EnergyNet.

Bids for the company's NW Velma Hoxbar assets are due Aug. 29. For information visit energynet.com or contact Denna Arias, director of transactions and business development for EnergyNet, at 832-403-3125 or Denna.Arias@energynet.com.