CORE SCOOP / MERGE ASSETS
104-Hz Producers. 5,700-Net Acres
ANADARKO BASIN
GRADY, MCCLAIN, CANADIAN,
CADDO, & CLEVELAND COS., OK
~4,200-Net Operated Acres
~1,500-Net Non-Operated Acres
140-Undev Locs Across 50-Drilling Units
Targeting Woodford & Mississippian Fms
Net Production: 760 BOED
NTM Operating Cash Flow: $10,000,000
Net PDP Reserves: 2.8 MMBOE
PDP PV-10: $39,000,000
Net Total Reserves: 17.8 MMBOE
Total PV-10: $112,000,000
Midstream Infrastructure In Place
BIDS ARE DUE FEBRUARY 23, 2022
PP 5676DV
| Onshore |
Land Base |
| Unconventional |
Play Type |
DETRING ENERGY ADVISORS - TRP ENERGY LLC
Deal Summary
TRP Energy LLC (backed by Trilantic Capital Partners, Bratenahl Capital Partners, and Cohesive Capital Partners) has retained Detring Energy Advisors to assist in the sale of certain operated and non-operated core SCOOP/Merge oil and gas producing properties, leasehold, minerals, and related assets located in Anadarko basin in Oklahoma.
Highlights:
-- Located in Grady Co., McClain Co., Canadian Co., Caddo Co., and Cleveland Co., OK;
-- Covers ~5,700 net acres (98% HBP) including ~4,200 net operated acres (HBP) in Grady Co., and McClain Co., OK and ~1,500 net non-operated acres across the core SCOOP/Merge fairway;
-- Includes 104 horizontal producers and ~140 highly economic undeveloped locations across ~50 drilling units targeting the Woodford and Mississippian formations;
-- Net PDP Reserves (as of 1-Apr-2022): 2.8 MMBOE (PV-10: $39 million);
-- Net total Reserves (PDP + undeveloped locations, as of 1-Apr-2022): ~17.8 MMBOE (~16% PDP, PV-10: $112 million);
-- Net Production: ~760 BOE/d (~47% oil, ~33% gas, and ~20% NGL, ~15% NTM decline);
-- NTM operating PDP cash flow (as of 1-Apr-2022): ~$10 million;
-- Low lifting costs of ~$7/BOE;
-- Well economics include average IP-30 of ~1.2 MBOE/d and EUR of 1.3 MMBOE (~100% ROR);
-- Ease of operations with established midstream infrastructure and regulatory processes in place;
-- Operators: Camino, Citizen, Paloma, Continental, and EOG.
To learn more contact:
Ms. Melinda Faust
Phone: 713-595-1004
Email: mel@detring.com
