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

Transaction Type
Sellers
Marketers
Basin
Midcontinent; Stack Extension
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 53387

Chevron U.S.A. Inc. and Union Oil Co. of California is offering nonoperated working interest, overriding royalty interest and HBP leasehold in the Stack extension in Caddo, Garfield and Kingfisher counties, Okla.

Property Highlights:

  • 111 Producing Well Package
    • Nonoperated Working Interests in Three Wells
    • 50.0% - 37.5% Gross Working Interest / 42.7083% - 30.4688% Net Revenue Interest (One unknown interest)
    • Overriding Royalty Interest in 108 Wells
    • 3.5293% - 0.0126% Overriding Royalty Interest
  • Total: 10,140.015 Gross (5,122.936 Net) Acres
    • 1,345.214 Net Meramec Acres
    • 2,613.729 Net Woodford Acres
  • Six-Month Average 8/8ths Production: 1,625 bbl of Oil and 13.733 MMcf/d of Gas
  • Six-Month Average Net Income: $112,517/month
  • Operators: Apache Corp., BRG Production Co., Chesapeake Operating Inc., Devon Energy Production Co. LP, Hinkle Oil & Gas Inc., Kingfisher Resources Inc., Oklahoma Energy Acquisitions LP and Unit Petroleum 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.