Chevron Corp.; Chevron U.S.A. Inc.; Chevron Midcontinent LP; Union Oil Co. of California

Transaction Type
Sellers
Marketers
Basin
Midcontinent; Stack Canadian Play
Post Date
Close Date
Estimated Price
MM
Description

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.

Lot 53386

Chevron U.S.A. Inc., Chevron Midcontinent LP and Union Oil Co. of California are offering nonoperated working interest, overriding royalty interest, HBP leasehold and mineral fee in the Stack Canadian play in Canadian, Blaine and Grady counties, Okla.

Property Highlights:

  • 128 Well Package - 127 Producing Wells | One Shut-in
    • Nonoperated Working Interests in 17 Wells
    • 53.3290% - 9.375% Gross Working Interest / 46.3021% - 8.0151% Net Revenue Interest
    • Royalty Interest/Overriding Royalty Interest in 107 Wells
    • 12.5% - 0.0002% Royalty Interest/Overriding Royalty Interest
    • Production Payment in Four Wells
    • 75.4882% - 21.875%
  • Total: 12,252.68 Gross (7,310.049 Net) Acres
    • 100% HBP Leasehold
    • 786.789 Net Meramec Acres
    • 22.334 Net Woodford Acres
  • Six-Month Average 8/8ths Production: 1,971 Barrels Per Day of Oil and 42.017 Million Cubic Feet Per Day of Gas
  • Six-Month Average Net Income: $363,926/month
  • Operators: Chesapeake Operating Inc., Cimarex Energy Co., Devon Energy Production Co. LP, Kaiser-Francis Oil Co., Linn Operating Inc. and Marathon Oil Co.

Bids are due at 4 p.m. CST Dec. 13. For information visit energynet.com or contact Chris Atherton, president of EnergyNet, at Chris.Atherton@energynet.com. For additional information contact Denna K. Arias, director of transactions and business development, at Denna.Arias@energynet.com or 832-403-3125.