Raymond James | Albrecht : Oil & Gas Divestment
Current Divestitures
Oil & Gas Divestment

Current Divestitures

public and private data

Below you will find information and a link to the online data room for each package.

Please contact us to schedule a data room presentation in our offices:
(713) 951-9586
(866) 370-0200

Packages

Non-Operated Wolfbone Assets Divestiture: Reeves and Pecos Counties, Texas

STATUS: AVAILABLE | DATA ROOM ENDS: 04/17 | EFFECTIVE DATE: 04/01

 

Estimated April 2014 net sales are 150 BOEPD
Approximately 2,200 net acres
20 producing wells including 2 horizontal wells
Behind Pipe opportunities on 16 vertical wells
Horizontal and vertical wells actively being drilled on Wolverine’s acreage
Operated by Rosetta Resources and Atlantic Operating, Inc.

 

Project Manager: Michael Mingoia

To schedule a Data Room, please contact Delaine Lowe
Shortcut to VDR (You have already been approved)

 

Non-Operated Eagle Ford Divestiture: La Salle & Frio Counties, TX

STATUS: AVAILABLE | DATA ROOM ENDS: 03/11 | EFFECTIVE DATE: 04/01

 

910 BOEPD estimated April 2014 net sales
11.0 MMBOE Proved reserves; 81% oil
Projected first year PDP net cashflow of $18 MM
~11,500 gross acres (~1,725 net); 98% HBP
58 horizontal PDP wells, 6 PDNP wells waiting on completion, 92 PUD locations
Current one-rig drilling program through mid-2015
18 locations scheduled to be drilled in 2014
Improved stimulation technique since late 2012 has more than doubled EUR per well
Operated by Cheyenne Petroleum Company

 

Project Manager: Kyle Miranda

To schedule a Data Room, please contact Delaine Lowe
Shortcut to VDR (You have already been approved)

 

Northern Oklahoma Mineral Interest Divestiture: Mississippian Play

STATUS: AVAILABLE | DATA ROOM ENDS: 03/04 | EFFECTIVE DATE: 01/01

 

4,767 net mineral acres within 67 drilling units (640-acre sections) in the core Mississippian play
81% of net acreage is leased, primarily by SandRidge or Chesapeake
PDP PV10 of $1.6 MM from 36 producing wells
64% of the net acreage is undeveloped with active drilling in the immediate area
18.75% average lease royalty interest
2.4% average NRI (no WI)
Stacked pay potential; deeper Woodford play with recent permits and production in these counties

 

Project Manager: Kyle Miranda

Shortcut to VDR (You have already been approved)

 

Oklahoma Oil Asset Divestiture: Osage County

STATUS: PENDING

 

May 2013 net production of approximately 1,100 BOEPD from multiple, stacked shallow oil reservoirs
Proved net reserves of 20.5 MMBOE with PV10 of $245.5 MM; 90% oil by revenue
Projected first year PDP net cash flow of $13.3 MM
Long-life, predictable Mississippian/Pennsylvanian aged development opportunities
Large, primarily HBP leasehold position of ~77,000 gross acres; mostly 100% WI and 80% NRI
626 high-graded PUD locations in inventory
Drilling program can be funded from projected cash flow

 

Project Manager: Philip Pavlich

To schedule a Data Room, please contact Farrah Fannin
Shortcut to VDR (You have already been approved)

 

Assistance

Sample image

Contact Us by e-mail or phone

Should you require assistance with anything whatsoever, please email or call our office directly:E-mail | (713) 951-9586.