Oil & Gas Assets For Sale

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Ward Energy Partners Greater STACK Sale

HBP Leasehold: Blaine, Caddo, Canadian, Custer, Dewey County, OK

Effective date of the transaction
03/01/2019
Data Room Opens
02/11/2019
Bids Due
Closing Date
Virtual Data Room

Description

Greater STACK Divestiture 
  • ~6,460 Net Surface Acres (~88% HBP)
    • ~ 6,057 Net MISS Acres
    • ~ 3,785 Net WDFD Acres
    • All Shallow Zones HBP (Hoxbar, CLVD)
  • 8 Producing Wells
    • Sept 2018 Actual Monthly Results
      • Net Cash Flow: $110,544/m
      • Net Oil: ~6.8 BOPD
      • Net Gas: ~1.7 MMCFD
      • Net NGL: ~3.6 BBL/D
  • Key Operators in Area
    • Continental Resources
    • Citizen Energy
    • Marathon Oil

Details

3 Focused Asset Areas
  • (1) Groendyke/Hinton (Blaine & Caddo Co.)
    • Industry focus expanding MISS Reservoir
    • ~2,235 Net MISS Acres, including ~640 acres of Woodford rights.
  • (2) Custer City (Custer Co.)
    • Industry activity with 12 (1280) DSUs created, including 3 wells drilling
    • ~800 net acres with all rights (leasehold & royalty interest)
  • (3) NW STACK (Dewey Co.)
    • Cleveland Activity
    • Liquid rich objective
    • ~250 net acres; multiple DSUs being created