| ACREAGE |
- Net acreage of 100,000 acres (90,000 in Noble and 10,000 in Kay).
- Contiguous Blocks.
- Operational Control of approximately 160 sections.
- High NRI’s.
- Will sell acreage in smaller blocks, but prefer to sell entire block together.
- Offset Operators: Devon Energy (5 rigs), Range Resources (5 rigs), HighMount (4 rigs), Mustang Fuel Corp. (1 rig), PetroQuest (2 rigs), Sandridge Energy (2 rigs) and Red Fork (1 rig).
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| ECONOMICS |
- Net Production: 160 BOPD and 1,100 MCFD.
- 42o Gravity API Oil; 1400 MBTU Gas.
- D&C costs: Miss. Solid = $2.6M; Miss. Chat = $2.0M; and Woodford = $2.0M.
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| INFRASTUCTURE |
- Low pressure gathering with transmission line takeaway capacity.
- Access to frac water.
- Access to 3 phase power.
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| PRODUCTION UPSIDE |
- Laterals correctly placed and stimulated have IP’s of 1,000+ BOPD.
- Developing Woodford Play.
- Multiple producing horizons above and below Mississippian.
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CONTACT INFO
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- Ed Gallegos at (405) 533-1300
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