Dewey, Ellis, Roger Mills and Woodward Counties, Oklahoma

EnergyNet has been retained by Merit Management Partners IV, L.P., et al to offer for sale their 190 Well Package (Operations, Non-Operated WI & ORRI) plus Development Potential on HBP Leasehold Acreage and Minerals located in Dewey, Ellis, Roger Mills and Woodward Counties, Oklahoma.


Opportunity Highlights:

  • Operated Working Interest in 68 Wells:
    • 100.00% to 21.259164% WI / 81.25% to 16.572769% NRI (BPO)
    • 57 Producing Wells | 11 Non-Producing Wells
  • 100% Owned and Operated Grand Gathering System:
    • 34 Active Wells on System | Averages ~1,800 MCFD
  • Non-Operated Working Interest in 106 Wells:
    • 57.142857% to 0.15625% WI / 46.42857% to 0.126953% NRI
    • 4 Wells APO Only
    • 74 Producing Wells | 31 Non-Producing Wells | 1 Temporarily Abandoned Well
    • Select Operators:
      • Crawley Petroleum Corporation
      • EOG Resources Inc.
      • Mewbourne Oil Company
  • Overriding Royalty Interest in 16 Producing Wells:
    • 4.01875% to 0.071237% ORRI
    • Select Operators:
      • EOG Resources Inc.
      • FourPoint Energy LLC
      • Templar Operating LLC
  • Additional Royalty Interest in 3 Recently Completed Hz Wells:
    • RI Unknown as the Horizontal Allocation Has Not Been Made Between the Sections | Seller Estimates a RI of 1% to 1.5%
    • Seller Elected a RI under Option 7.2 of Pooling Order 76623 w/ its 160 net acres in the Spoonbill 20X17-17-23 HA, Spoonbill 20X17-17-23 HB, and Spoonbill 20X17-17-23 HC Wells
    • Operator: FourPoint Energy
  • 12-Month Average Net Income: $108,463/Month
  • 6-Month Average 8/8ths Production: 9,259 MCFPD and 562 BOPD
  • HBP Leasehold Acreage:
    • Tonkawa – 4,536.69 Net Acres
    • Cottage Grove – 3,797.36 Net Acres
    • Cleveland – 3,225.81 Net Acres
    • Cleveland Base to Atoka Base – 4,224.93 Net Acres
    • Morrow – 5,566.29 Net Acres
  • 242.00 Net Mineral Acres

 

 


This is an auction property. Auction ends June 10, 2020 at 1:40 pm CST. For complete due diligence information, please visit http://www.energynet.com or email Michael Baker, Vice President of Business Development, at [email protected].

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