Non-Operated Assets in the STACK

Property for Sale

Property Information

  • Bid Date: June 12, 2019
  • Effective Date: April 01, 2019
  • Closing Date: TBD
  • Area Size:  
  • Type of Basin: STACK

Executive Summary

Eagle River Energy Advisors, LLC has been exclusively retained by Paloma Partners IV, LLC ("Paloma") for the divestiture of certain non-operated working interest assets located in the STACK play of Blaine, Dewey, and Canadian Counties, Oklahoma

Property Description

Significant Production Base with Potential Upside

  • ~$496,000/mn net cash flow (June – Nov 2018 average)
  • ~$2.0MM projected next 12 month net cash flow
  • Exposure across over-pressured gas and oil hydrocarbon phase window


STACK Non-Operated Position

  • ~6,285 net / ~35,183 gross acres non-operated leasehold
  • Leasehold is ~54% held by production
  • 32 PDP wells with average working interest of 6.3%
  • Continental Resources operates majority of existing production base with exposure to other major independents


Engineered Reserves

  • ~6,152 Mcfe/d forecasted April 2019 net production (5% Liquids)
  • ~11.4 Bcfe / $7.1MM PV10 PDP net Reserves
  • Active Woodford and Meramec development and permitting around leasehold


Operators Actively Developing STACK Assets

  • Top STACK operators (Continental, Devon, Marathon, and Encana) actively permitting and drilling offset to leasehold position
  • STACK operators transitioning to full development with multi-well pad development
  • Over 20 rigs active in the area

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