ARKOMA OPERATED & NON-OP SALE
486-Wells. 27,800-Net Acres.
ACROSS MULTIPLE COUNTIES IN
OKLAHOMA & ARKANSAS
Targets The Woodford & Mayes Fms
160,700-Gross Acres
200-Gross Undeveloped Locations
72.9% Operated WI (59% NRI) In 66-Wells
8.6% Non-Op WI (6.9% NRI) In 420-Wells
LTM Avg Net Production: 9.8 MMCFED
Total NTM PDP Cash Flow: $9,100,000
Net Reserves: 386 BCF
Upside Includes Significant Infill Potential
Bids Are Currently Under Review
CONTACT AGENT FOR MORE INFO
PP 6028DV
| Onshore |
Land Base |
| Unconventional |
Play Type |
ENERGYNET INDIGO - KAISER-FRANCIS OIL CO
Deal Summary
Update, 27-Apr-2022. The package has been moved to bids under review section.
Kaiser-Francis Oil Co has retained EnergyNet Indigo to assist in the sale of certain operated and non-operated Arkoma basin horizontal and conventional assets in Oklahoma and Arkansas, as part of full area exit.
Highlights:
-- Located primarily in Pittsburg Co., Coal Co., Hughes Co., and Haskell Co., OK and also in multiple counties across Oklahoma and Arkansas;
-- Covers ~27,800 net acres (~160,700 gross);
-- Targets the Woodford and Mayes formations;
-- Holds ~72.9% average operated WI (~59.2% NRI) in 66 wells and ~8.6% average non-operated WI (~6.9% NRI) in 420 wells;
-- Includes ~200 gross drilling locations (62% of total PV-10 is operated);
-- PDP PV-10: $46.7 million (59% operated);
-- Net Reserves: 386 Bcf or ~64.34 MMBOE (100% gas, ~64% operated);
-- LTM average net Production: 9.8 MMcfe/d or ~1.634 MBOE (~98% gas);
-- Total NTM PDP cash flow: $9.1 million (~56% operated, 83% horizontal);
-- Upside includes significant infill drilling potential (majorly operated);
-- Operators: Merit, BRG Energy, Mustang Fuel, XTO, and Blackbeard.
To learn more contact:
Mr. Ethan House
Phone: 405-759-8437
Email: Ethan.House@energynet.com
