Marketed: Merit Energy Anadarko Basin Nonop, Mineral/Royalty Position

Transaction Type
Sellers
Marketers
Basin
Midcontinent; Anadarko Basin
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

The following information is provided by PetroDivest Advisors. All inquiries on the following listings should be directed to PetroDivest. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Merit Energy Co. retained PetroDivest Advisors to market for sale its oil and gas nonoperated working interest and mineral and royalty interest concentrated in the core of the Anadarko Basin.

The assets offer an attractive opportunity, according to PetroDivest, to acquire robust, low-decline production with growth potential including five recently drilled DUCs plus long-term cash flow bolstered by strong operating margins. The offering also includes a large, diversified nonoperated working interest and mineral/royalty interest position covering roughly 15,200 net acres that supports continued development and delineation of proven pay zones including the prolific Woodford, Springer and Sycamore formations, PetroDivest added.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on Oct. 14
  • Proposals due on Nov. 3

For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

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