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NE Verden Unit Waterflood and Chitwood NW Field

Caddo and Grady Counties, OK

ASSET HIGHLIGHTS

  • NE Verden Unit (NEVU)
    • 7,917 Net Acres *
    • All leasehold is held by production
    • WI: 68.35%, NRI: 58.70% 
    • Average effective net royalty interest 86%
    • Over 100 net mineral acres 
    • 32 producing wells, 28 shut in or temporarily abandoned, 23 injection and 3 water source wells, all operated

Chitwood NW Field

  • 1,664 Net Acres *
    • All leasehold is held by production
    • Average WI: 69.02%, average NRI: 59.50%
    • Average effective net royalty interest 86%
    • 12 producing wells, 11 operated

PRODUCTION & CASH FLOW

  • Projections for April 2019
    • Gross production: 399 BOPD, 378 MCFD
    • Net production: 234 BOPD and 231 MCFD
    • Net operating cash flow $259,042

UPSIDE POTENTIAL 

  • Workovers
  • Waterflood enhancement
  • Infill development
  • Horizontal drilling

*Depth severances shown in lease schedule


For Questions, Please Contact:

Derec Norman, Director of Marketing (918) 481-5900 ext. 226
Jacque Semple, Project Manager (918) 481-5900 ext. 221
Bob McNulty, P.E., Consulting Reservoir Engineer (918) 481-5900 ext. 231
Jean Antonides, Consulting Geologist (918) 481-5900 ext. 223
Matt Williams, VP Business Development Mid-Continent (918) 481-5900 ext. 230
Harriet Robinson, RPL, Contract Land Manager (918) 481-5900 ext. 229

Bid Date

May 2, 2019

Effective Date

April 1, 2019

Closing Date

May 31, 2019

Pending listings cannot be ordered.

NOTE: A Confidentiality Agreement (“CA”) must be executed prior to receiving the data package for this listing.

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