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Oil & Gas leasehold For Sale and related assets located in the Northeast STACK of Logan County, Oklahoma

  • State/Province: Oklahoma
  • Country: United States
  • Quantity: 1
  • Allow Deals: Yes
  • I Want To: Sell
  • Listed: June 13, 2019 8:48 am
  • Expires: 3157 days, 10 hours
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Description

Red Bluff Resources Operating, LLC (“Red Bluff” or “RBR”) is offering for sale its oil & gas leasehold and related assets located in the Northeast STACK of Logan County, Oklahoma. The assets offer an attractive opportunity to acquire a well-delineated, high-returning, and drill-ready development plan from an industry-leading operator, including a meaningful base of existing production. Red Bluff has retained Detring Energy Advisors as its exclusive advisor relating to the transaction.

Asset Highlights:

High-Returning, Drill-Ready Development Plan

Hz Osage development program underpinned by intensive technical analysis and recent delineation (~125 identified locations)
Superior well performance proven by recent horizontal well results with optimized completions:

720 Boepd IP30 | 460 MBoe EUR | 70%+ ROR

Strong Base of Liquids-Rich Production & Cash Flow

~1 MBoed net production (70% liquids)
~$9MM NTM Op. CF (PDP)
56 active wells

Contiguous Acreage Position with No Near-Term Expirations

~9,750 net acres
~80% HBP (first expirations mid-2019)
70% Operated

Attractive Geologic & Operational Characteristics

RBR acreage located in low-cost, proven Osage play with negligible hydrocarbon risk – analogous to top-performing Eastern Kingfisher (Alta Mesa/Silver Run)
Contiguous position ideal for operations, extended laterals and pad drilling
Owned saltwater gathering & disposal infrastructure provides substantial cost-savings and ease of development (~50% oil cut)
No seismicity concerns

Process Overview:

Evaluation materials available via the Virtual Data Room (“VDR”) on Monday, February 12th

Data room presentations available upon request

Proposals due on Wednesday, March 13th

Please see the attached teaser for additional details regarding the properties and sales process.

Please contact Melinda Faust to request VDR access, schedule a presentation, or learn more about this opportunity.

Best Regards,

Derek Detring

derek@detring.com / (713) 595-1001

Benjamin Shin

benjamin@detring.com / (713) 595-1002

Melinda Faust

mel@detring.com / (713) 595-1004

Matthew Loewenstein

matt@detring.com / (713) 595-1003

Richard Ball

richard@detring.com / (713) 595-1005

Listing ID: 5505a7e0b5b8ebc6

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