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Beaver, Beckham, Blaine, Caddo, Canadian, Carter, Coal, Custer, Dewey, Ellis, Garfield, Garvin, Harper, Haskell, Hughes, Kiowa, Latimer, LeFlore, Major, McIntosh, Muskogee, Pittsburg, Roger Mills, Stephens, Texas, Washita, Woods and Woodward Counties, OK

ASSET HIGHLIGHTS

  • Opportunity to acquire assets in highly coveted areas
  • Attractive target for unconventional oil and gas development
  • Steady production and cash flow
  • 525 active non-operated wells (101 horizontals)
  • $214,300 net cash flow forecasted for July 2018
  • Forecasted production in July 2018
    • Gross: 1,515 BOPD and 51,170 MMCFD, 10,043 BOEPD (85% gas)
    • Net: 66.5 BOPD, 1,984 MCFD, 397 BOEPD (83% Gas)
  • Average interest: 11.7% WI, 8.5% NRI
  • Up to 50% WI in active wells
  • Notable operators include Apache, Enervest, Cimarex, Mewbourne and JMA Energy

LAND

  • Significant HBP leasehold position
    • 15,467 net acres in Oklahoma with majority located in the Anadarko Basin
    • 906 net acres in Texas Panhandle and Hardeman Basin
  • All acreage HBP with a substantial position of approximately 802 net acres in the STACK and SCOOP plays
  • Acreage position of approximately 1,460 net acres in Arkoma Woodford - Caney
  • Acreage position of approximately 7,706 acres in emerging Anadarko Pennsylvanian Sand horizontal plays

UPSIDE-HORIZONTAL DEVELOPMENT

  • STACK, SCOOP and Arkoma - primary target in the Woodford and Mississippian
  • NW STACK - primary target in the Mississippian and Pennsylvanian Sand
  • Cottage Grove, Marmaton and Cleveland in Anadarko Basin
  • Average 7.9% WI in identified future Woodford and Mississippian horizontals in the STACK and SCOOP plays

For Questions, Please Contact:

Jacque Semple, Project Manager (918) 481-5900 ext. 221
Matt Williams, VP Business Development Mid-Continent (918) 481-5900 ext. 230
Bob McNulty, P.E., Consulting Reservoir Engineer (918) 481-5900 ext. 231

Bid Date

September 11, 2018

Effective Date

July 1, 2018

Closing Date

October 18, 2018

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