Conventional Oklahoma Assets

Property for Sale

Property Information

  • Bid Date: April 04, 2019
  • Effective Date: January 01, 2019
  • Closing Date: TBD
  • Area Size:  
  • Type of Basin: Anadarko Basin

Executive Summary

Camino Natural Resources, LLC ("Seller") has exclusively retained Eagle River Energy Advisors, LLC to divest certain operated & non-operated interests located throughout the Anadarko Basin of Oklahoma.

Property Description

Gas-Weighted Production with Shallow Decline

  • ~5,020 Mcfe/d forecasted Jan 2019 net production (77% operated)
  • Well-balanced commodity profile of 58% Gas / 29% NGL / 13% Oil
  • ~$290,000/mn net cash flow (6-mn LOS average)
    • Additional ~$33,000/mn cash flow from COPAS recoveries
  • Low-declining production averaging 7% or less


Operated & Non-Operated Wellbores

  • 486 wellbores (114 operated / 372 non-operated or ORRI wells)
  • Wellbore only interest being delivered with rights to behind-pipe zones excluding the horizontal target zones
  • Operators include Sheridan Production, Encana (formerly Newfield), Sanguine Gas, Roan Resources and others


Long-Life Reserves

  • ~20.1 Bcfe / $20.2MM PV10 net PDP Reserves (~365 producing wells)
  • Low-capital uplift opportunities across assets
    • Reactivation potential in non-producing wellbores
    • Workover opportunities to enhance existing production base
    • Behind-pipe recompletion potential excluding hz target zones

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