PRODUCING PROPERTIES WITH RECOMPLETION, DEVELOPMENT AND WATERFLOOD OPPORTUNITY
Texas County, Oklahoma
- 327 wells, 266 operated, ConocoPhillips operates the majority of the OBO wells
- 38 horizontal wells and 289 vertical wells, 31 classified as oil wells
- Producing formations: Cherokee, Council Grove, Lansing, Marmaton, Morrow and Toronto
- Average working interest in operated wells 100% with average 75% net revenue interest
- ~200,000 net acres, producing or held by production, various depth limitations and restrictions. Various NRI in leasehold.
- Includes 41,700 net acres acquired by Seller from Crescendo/Amoco
- 86.5%-87.5% NRI
- 25,800 net acres oil rights
- Federal/BLM and CLO leases included along with surface leases and right-of-ways
- Jan 2011 through Nov 2011 averages:
- Net cash flow: $644,921 per month
- Gross production rates: 9.4 MMCFD, 518 BOPD
- Net sales volumes: 5.6 MMCFD, 79 BNGLPD, 155 BOPD
- 208 significant recompletions identified
- Includes liquids rich Chester, Saint Louis (Mississippian), Keyes (Morrow) and Cherokee formations
- Potential waterflood candidates in the Keyes Sand (Morrow), Topeka and Cherokee
- Field extension possibilities within several oil horizons
- Gas processed through plants operated by DCP
- 233 square miles of proprietary 3D seismic license available as a separate transaction
NOTE: A Confidentiality Agreement ("CA") must be executed prior
to receiving the data
package. Please visit our website to order
this package and download the required CA.
FOR QUESTIONS PLEASE CONTACT |
| Jacque Semple, Project Coordinator |
(918) 481-5900 ext. 221 |
| Jesse Murdock, VP Business Dev. |
(918) 481-5900 ext. 230 |
| Bob McNulty, P.E. |
(918) 481-5900 ext. 229 |
|
BID DATE
MARCH 12, 2012 |
EFFECTIVE DATE
MARCH 01, 2012 |
CLOSING DATE
MARCH 30, 2012 |
|
