M

WESTERN OKLAHOMA MINERALS

Minerals For Sale

All Standard Disclaimers Apply & Seller Rights Retained


WESTERN OKLAHOMA MINERALS

OKLAHOMA MINERALS FOR SALE

54-Sections. 771-NMA. 955-NRA.

WESTERN ANADARKO BASIN

BECKHAM, CUSTER, ELLIS,

ROGER MILLS & WASHITA COS.

Cleveland, Atoka, Tonkawa, Marmaton

68-Current Producers on Mineral Position.

Mineral Interest For Sale

---Offset Several IPs >1,500 BOPED

WILL NEGOTIATE - HAS OTHER ASSETS

CALL EAG FOR SELLER EXPECTATIONS

M 5547RR

Deal Summary
Energy Advisors Group has been retained by a Private Seller to market a package of Western Anadarko Basin minerals located in Beckham, Ellis, Roger Mills, Custer & Washita Counties, Oklahoma. The package consists of 771-NMA (99% leased) & 955-NRA spanning 54 sections and royalties are between 12.50%-18.75%.

68-producers on minerals including FourPoint Energy, EOG, Chesapeake, Devon, Mewbourne, Crawley Petroleum & Apache (who recently sold these assets to Presidio Petroleum).

4-Rigs are currently operating in the package locations. Mewbourne (2), FourPoint (1) & Rhino (1).

The 3-Mn Average Net Revenue is ~$3,300.

Key Operators Activity Offsetting Minerals
FourPoint Energy is a key operator in the area and completed 30 Oklahoma wells in 2019 YTD and have a rig currently operating in Ellis Co. FourPoint has shifted 70% of their new operated wells towards long laterals and have a 60% multi-well development strategy.

EOG expected to see a 44% increase in gross production from their Western Anadarko assets in 3Q19. EOG is reportedly exceeding their high-end oil production target by 20% with 53 Oklahoma well completions in 2019 while also cutting per well D&C costs by $400,000.

Atalaya Resources operates 3 wells offsetting the Seller's minerals in Beckham Co., and recently completed a 1-mile Strawn well in Jun-19 with an IP30 of 1,200 BOED (5% above previous IPs)

Additional Notes
Operators are receiving great results from 1-mile laterals in comparison to extended laterals implying a shift toward lower costs and higher near-term returns. Also, 21 stacked pay targets allow more flexibility in drilling operations and enables the utilization of cost-effective multi-well pad drilling to maximize near-term cash flows.


If you have an interest in this package please contact the undersigned to learn more about the seller expectations.

Energy Advisors Group
Mr. Richard Martin
Director – Special Projects & Execution
14875 Landmark Blvd Ste 125
Dallas, TX 75254
---Direct: 214-774-2495 Cell/Text: 469-866-9796
---Email: [email protected]

Questions Regarding This Asset? Email Richard Martin or call EAG at 214-774-2150
Virtual Data Room

OKLAHOMA MINERALS FOR SALE

54-Sections. 771-NMA. 955-NRA.

WESTERN ANADARKO BASIN

BECKHAM, CUSTER, ELLIS,

ROGER MILLS & WASHITA COS.

Cleveland, Atoka, Tonkawa, Marmaton

68-Current Producers on Mineral Position.

Mineral Interest For Sale

---Offset Several IPs >1,500 BOPED

WILL NEGOTIATE - HAS OTHER ASSETS

CALL EAG FOR SELLER EXPECTATIONS

M 5547RR

Deal Summary
Energy Advisors Group has been retained by a Private Seller to market a package of Western Anadarko Basin minerals located in Beckham, Ellis, Roger Mills, Custer & Washita Counties, Oklahoma. The package consists of 771-NMA (99% leased) & 955-NRA spanning 54 sections and royalties are between 12.50%-18.75%.

68-producers on minerals including FourPoint Energy, EOG, Chesapeake, Devon, Mewbourne, Crawley Petroleum & Apache (who recently sold these assets to Presidio Petroleum).

4-Rigs are currently operating in the package locations. Mewbourne (2), FourPoint (1) & Rhino (1).

The 3-Mn Average Net Revenue is ~$3,300.

Key Operators Activity Offsetting Minerals
FourPoint Energy is a key operator in the area and completed 30 Oklahoma wells in 2019 YTD and have a rig currently operating in Ellis Co. FourPoint has shifted 70% of their new operated wells towards long laterals and have a 60% multi-well development strategy.

EOG expected to see a 44% increase in gross production from their Western Anadarko assets in 3Q19. EOG is reportedly exceeding their high-end oil production target by 20% with 53 Oklahoma well completions in 2019 while also cutting per well D&C costs by $400,000.

Atalaya Resources operates 3 wells offsetting the Seller's minerals in Beckham Co., and recently completed a 1-mile Strawn well in Jun-19 with an IP30 of 1,200 BOED (5% above previous IPs)

Additional Notes
Operators are receiving great results from 1-mile laterals in comparison to extended laterals implying a shift toward lower costs and higher near-term returns. Also, 21 stacked pay targets allow more flexibility in drilling operations and enables the utilization of cost-effective multi-well pad drilling to maximize near-term cash flows.


If you have an interest in this package please contact the undersigned to learn more about the seller expectations.

Energy Advisors Group
Mr. Richard Martin
Director – Special Projects & Execution
14875 Landmark Blvd Ste 125
Dallas, TX 75254
---Direct: 214-774-2495 Cell/Text: 469-866-9796
---Email: [email protected]

Questions Regarding This Asset? Email Richard Martin or call EAG at 214-774-2150