Announcements

20th Annual Business Development Networking Reception

20th Annual
Business Development Networking Reception
Hosted By:
The Mid-Continent A & D Group

You and/or your company’s Business Development or Acquisitions and Divestitures representative are invited to attend a Networking Reception on Thursday, January 18, 2024, from 5:30 pm to 7:00 pm. The reception is being held at the Oaks Country Club, located at 6500 S. 49th W. Avenue, Tulsa, Oklahoma.

Please take the time to have a representative of your company join us for an evening of networking and conversation with other A&D professionals.

Thanks to the generous support of the Mid-Continent A&D Group sponsoring companies.

Attendance is complimentary. Registration is not required.

Sponsoring Companies for this event are:

Waveland Energy Partners LLC
Red Bluff Resources
FourPoint Energy, LLC
Continental Resources, Inc
Ventana Exploration and Production
Sanguine Gas Exploration, LLC
Ascent Resources
Coterra Energy
Flywheel Energy
Black Knight Energy LLC
Citizen Energy
Scout Energy Partners
Priam Energy LLC
Scissortail Energy Partners, LLC
Chesapeake Energy Corporation
Merit Energy
Citation Oil & Gas Corp

Vital Energy
Samson Energy Company
Caliber Resources Partners
Olifant Energy II, LLC
Occidental Petroleum Corporation
89 Energy III LLC
Eagle Environmental Group, LLC
Canyon Creek Energy, LLC
Foundation Energy
Mustang Fuel Corporation
Ovintiv
Sage Natural Resources
Chisholm Oil and Gas Operating, Inc
Walsh & Watts
Nexus BSP LLC
Canvas Energy
Meagher Energy Advisors

New Listing - Waveland Bakken Holdings - Williston Basin Non-Operated Production, Leasehold & Minerals

  • $3.7MM net October 2023 forecast PDP cashflow, ~$33MM NTM cumulative net PDP cashflow
  • MI/RI & ORRI net cashflow of $164k/month October 2023, NTM net cashflow of ~$1.7MM
  • 2,407 net BOEPD consisting of 1,807 BOPD, 1.9 MMCFD, and 280 Bbls NGL/day from 2,325 horizontal and 8 vertical wells
  • Production from 92 DUCs & AFEs add 526 net BOEPD and $646k/month in Q3 2024​
  • All new activity projected to be fully funded within cashflow
  • >19,000 net leasehold acres and >3,800 net mineral / royalty acres in Bakken and Three Forks formations
  • Chord, Continental, Enerplus, Hess and Grayson Mill rigs on or adjacent with 95 additional 2-mile permitted locations
  • Undeveloped acreage in the core of the Bakken/Three Forks with single well ROR in excess of 100% and >3x ROI

View Entire Listing

Sold - Hansrude Sather Farms - Williston Basin Producing Minerals / Royalties

  • Mineral and royalty asset in core Williston Basin, primarily operated by Continental Resources with numerous upside locations and existing cashflow
  • 560 net mineral/royalty acres in a highly active township within Williams County, North Dakota
  • May 2023 estimated PDP net cashflow and production of $70k and 35 BOEPD (87% oil)
  • NTM cumulative PDP net cashflow of $605k and NTM PDP reserves of 9.5 MBOE
  • Three confidential wells expected online by April (may be producing by the effective date)
  • 26 additional economic undeveloped locations on three pads

Sold - Confluence Resources - DJ Basin Operated Assets

  • Premier leasehold and mineral position with 18 operated and 7 non-operated producing horizontals. Tier 1 well performance in multiple Niobrara benches and Codell
  • 8,400 BOE/D September net production (81% liquids) from diversified commodity mix
  • September 2022 PDP net cashflow of $15.0MM (99% from operated horizontals), NTM PDP net cashflow forecast of $102MM.
  • 3,628 net leasehold acres (~94% HBP) and 338 net royalty acres in minerals. 55% of leasehold has overriding royalties averaging 6.6%.
  • Production from 38 operated "drill-ready" locations in Weld County adds 18,900 net BOEPD and $34MM/month operating cashflow by September 2023

Now Available - Q4 Basin Activity Maps and Quick Looks

Now available are the fourth quarter basin activity maps and quick looks on our website. Raw data provided by Enverus.

These printer-friendly, high-resolution maps have been updated with the latest permit and well data. The quick look tools are Excel based data visualization dashboards allowing users to evaluate completion details and well performance over time.

Please contact our team with any questions and see Enverus’ website for details on source data.

The team at Meagher Energy Advisors wishes you a very Merry Christmas and Happy New Year!

19th Annual Business Development Networking Reception - January 19, 2023

19th Annual
Business Development Networking Reception
Hosted By:
The Mid-Continent A & D Group

You and/or your company’s Business Development or Acquisitions and Divestitures representative are invited to attend a Networking Reception on Thursday, January 19, 2023, from 5:30 pm to 7:00 pm. The reception is being held at the Oaks Country Club, located at 6500 S. 49th W. Avenue, Tulsa, Oklahoma.

Please take the time to have a representative of your company join us for an evening of networking and conversation with other A&D professionals.

Thanks to the generous support of the Mid-Continent A&D Group sponsoring companies, attendance is complimentary. Registration is not required.

Sponsoring Companies for this event are:

Waveland Energy Partners LLC
Red Bluff Resources
FourPoint Energy, LLC
Continental Resources, Inc
ZaCale Resources Company, LLC
Sanguine Gas Exploration, LLC
Ascent Resources
Coterra Energy
Flywheel Energy
Black Knight Energy LLC
Panther Energy Company IV,LLC
Scout Energy Partners
Priam Energy LLC
Scissortail Energy Partners, LLC
Chesapeake Energy Corporation
Merit Energy
Laredo Petroleum

EnerVest, Ltd
Samson Energy Company
Caliber Resources Partners
Olifant Energy II, LLC
Occidental Petroleum Corporation
89 Energy III LLC
Eagle Environmental Group, LLC
Canyon Creek Energy, LLC
Foundation Energy
Mustang Fuel Corporation
Ovintiv
Camino Natural Resources, LLC
Chisholm Oil and Gas Operating, Inc
Phoenician Resources
Nexus BSP LLC
Canvas Energy
Meagher Energy Advisors

Meagher Energy Advisors Q2 Basin Activity Maps and Quick Looks

Now available are the second quarter basin activity maps and quick looks on our website. Raw data provided by Enverus.

These printer-friendly, high-resolution maps have been updated with the latest permit and well data. The quick look tools are Excel based data visualization dashboards allowing users to evaluate completion details and well performance over time.

Please contact our team with any questions and see Enverus’ website for details on source data.

Best,
Meagher Energy Advisors

Sold - Elephant Oil & Gas - Powder River Basin Production and Leasehold

  • 10,200 net acres (88% HBP) in Turner/Frontier and Niobrara.  Continental currently has an active rig on the position with plans to bring a second rig to the immediate area in the near term
  • April 2022 PDP net cashflow of $211,000 and 151 BOEPD (74% Oil). 12-month estimated net cashflow of $2.5MM. Few shut-ins with limited P&A liability
  • Production from 26 new wells adds 4,700 net BOEPD and $7.8MM/month operating cashflow by March 2023.  23.9MMBbls net oil reserves and 31Bcf gas from future upside

Uinta Basin Non-Operated Production, Minerals / Royalties, and Leasehold

Meagher Energy Advisors has been retained to assist in the sale of certain Uinta Basin assets in Utah. The assets are being offered as two distinct packages (Non-Operated Leasehold / Working Interests and Minerals / Royalties). 

ASSET HIGHLIGHTS

  • 3,400 net leasehold acres and 2,930 net royalty acres in the best reservoir rock, with 63 producing horizontals

  • Well EURs and economics among the best in the US with multiple horizontal targets in the Uteland Butte, Wasatch, and Castle Peak formations

  • May 2022 PDP net cashflow of $1,280,000 and 650 BOEPD

  • 52 new DUCs add 1,600 net BOEPD and $3.2MM/month by September 2022

  • XCL, EP Energy (Crescent Energy), and Ovintiv have rigs on or adjacent to the position

  • 466 additional 2-mile locations identified on the position

  • 5.2MMBbls net oil reserves and 8.5Bcf gas from future development locations

Please contact Nick Asher for details and Confidentialty Agreement.

Sold - Stewart Family Foundation - DJ Basin Producing and Undeveloped Minerals

  • March 2022 estimated PDP net cashflow of $543,000 and 324 BOEPD (60% Oil). 12 month estimated net PDP cashflow of $3.8MM.
  • 894 net royalty acres, all HBP and leased at 12.5% to 15% royalty.
  • 426 net royalty acres in 2 Chevron DSUs (18 wells permitted) with first production expected in 2023. An additional 68 net royalty acres contain 46 horizontal locations.

Sold - Olifant Energy II - Operated STACK Production and Leasehold

  • 34,423 MCFE/D September net production consisting of 76% Gas and 20% NGL. 90% of the production comes from 29 operated horizontal wells.
  • September estimated EBITDA of $3.3MM with a 68% profit margin and a 12-month forecast total PDP net cashflow of $31.5MM.
  • 20,000 de-risked, high working interest HBP net acres in core STACK. Concentrated in the most active parts of the basin with rigs offsetting acreage.

Sold -Tapstone Energy - Granite Wash Upstream & Midstream Assets

  • April estimated EBITDA of $2.65MM with a profit margin of 82% including midstream, and a 12-Month forecast total PDP net cashflow of $30.4MM. 

  • 32MBOE in 1P reserves representing a 15.76-year R/P ratio, shallow annual decline rate of 13% for the oil phase and 10% for the gas phase.  Limited near-term P&A.

  • Trailing 6-Month average net production of 5,532 BOE per day consisting of 10% oil, 40% NGLS and 50% gas by revenue from 194 operated PDP wells.

  • Wholly-owned Wheeler Midstream compression and gathering systems contribute over $700k in stable fee-based cashflows per month.

Sold - RDV Resources - Oklahoma Panhandle Operated Production

  • March estimated operating EBITDA of $281,697 and a 12-Month PDP forecast total cashflow of $3.06MM
  • Trailing 6-Month average net production of 8.1MMCFE per day (70% Gas)
  • Long life assets with 26.56BCFE in PDP reserves representing an 8.9-year R/P ratio 
  • 118,000 net leasehold acres with nearly all acreage HBP
  • High rate-of-return non-producing and behind-pipe opportunities with reserves totaling 16.8BCFE

Sold - Cimarex Energy - Mid-Continent Acquisition Opportunity

  • Long life assets with 192 BCFE in PDP reserves representing an 11-year R/P ratio
  • Trailing 12-Month average net production of 47.8 MMcfe/day per day (75% Gas) from 2,283 producing wells. 762 wells and 88% of the net production is operated
  • January estimated operating EBITDA of $2.04MM, and a 2021 forecast total cashflow of $23.1MM
  • Included are two operated gas processing plants and associated gathering systems with an estimated January EBITDA of $401,389 and a 2021 forecast total cashflow of $6.5MM

MEAGHER ENERGY ADVISORS AND JANNEY MONTGOMERY SCOTT ANNOUNCE MIDSTREAM M&A ALLIANCE

Philadelphia and Denver – September 14, 2020 – Janney Montgomery Scott LLC and Meagher Energy Advisors Inc. today announced that they have formed a professional alliance for M&A advisory work on behalf of clients operating in the midstream and energy infrastructure segments of the oil and gas industry.

Commenting on the alliance, Curtis Goot and Frank Murphy, Managing Directors and Co-Heads of Janney’s Energy Investment Banking Team, said, “We recently moved our team to Janney and are pleased to be teaming up with Meagher, one of the leading independent upstream oil and gas A&D advisory firms. Over the past two decades we have completed several hundred advisory and capital markets transactions on behalf of a broad range of midstream and upstream oil and gas companies. Meagher’s strong oil and gas reservoir engineering and geological capabilities will add to our existing expertise and relationships and allow us to continue to provide industry-leading advisory services to clients.”


“We are excited to partner with the Janney team, whose depth of knowledge in the midstream and energy infrastructure sectors complements Meagher’s upstream A&D proficiency and portfolio of clients,” Matt Meagher, President and CEO said. “Our understanding of the current energy market environment and technical acumen, integrated with Janney’s midstream M&A experience, will deliver top-tier results for our clients.”

About Meagher Energy Advisors
Founded in 1985, Meagher Energy Advisors is a nationally recognized leader in negotiated acquisition and divestiture services to the oil and gas industry. Its principals average more than 30 years in the energy sector, including over 750 transactions representing more than $10 billion of aggregate consideration. Meagher employs a team of technical and transactional professionals with extensive experience in every major oil and gas basin in the United States. Meagher is headquartered in Greenwood Village, Colorado with a regional office in Tulsa, Oklahoma.


About Janney Montgomery Scott LLC
Janney is a leading full-service wealth management, financial services, and investment banking firm, which provides advice to individual, corporate, and institutional clients. Our expertise includes guidance about asset management, corporate and public finance, equity and fixed income investing, equity research, institutional equity and fixed income sales and trading, investment strategy, financial planning, mergers and acquisitions, public and private capital raising, portfolio management, retirement and income planning, and wealth management. Janney is an independently-operated subsidiary of The Penn Mutual Life Insurance Company and is a member of the Financial Industry Regulatory Authority, the New York Stock Exchange, and Securities Investor Protection Corporation. Additional company information is available at www.janney.com.

Meagher Energy Advisors