Asset Management
Oil and high BTU natural gas-focused properties with ownership of the gas gathering systems in central Oklahoma.
Reserves: 4.1 million barrels of oil; 78 percent gas; 2P PV10 of $75 million
Production: 35 producing wells; 787 Boe per day; 56 percent oil/NGLs
The Plan: Enhance well control; expand into targeted reservoirs; deploy cost-effective vertical drilling
Conventional natural gas and oil properties in Rocky Mountain Region.
Investment: $29 million
Sale: $43 million
Time: 3.0 Years
ROI: 1.5
IRR: 21%
Unconventional natural gas and oil properties in Raton Basin.
Investment: $73 million
Sale: $250 million
Time: 3.5 Years
ROI: 3.4
IRR: 47%
Unconventional natural gas and oil properties in Cherokee Basin.
Investment: $21 million
Sale: $44 million
Time: 1.5 Years
ROI: 2.1
IRR: 76%
Unconventional natural gas and oil properties in Cherokee Basin.
Investment: $28 million
Sale: $44 million
Time: 2.2 Years
ROI: 1.6
IRR: 41%