Divestitures

ACREAGE
  • 67,401 Net Acres (Operations control on 60,871 acres).
  • Contiguous Blocks with control of 114 sections.gh NRI’s.
  • High NRI’s without depth restrictions.
  • 52% of Leasehold expiring after 1/2016 (with extensions).
ECONOMICS
  • 42o Gravity API Oil;  1,400 MBTU Gas.
  • Low Well Cost:

                        $2.7M- Woodford Shale              

                       $2.6M Mississippi Fractured Chert

                       $2.2M Mississippi “Chat”

INFRASTUCTURE
  • Low pressure gathering with transmission line takeaway capacity.
  • Access to frac water.
  • Access to 3 phase power.
PRODUCTION UPSIDE
  • Woodford wells with IP’s > 750 BOPD.
  • Correctly placed MSSP laterals with IP’s > 1,000 BOPD
  • Multiple producing horizons above and below Mississippian.
CONTACT INFO
  • Ed Gallegos at (405) 533-1300

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