EOG Resources Inc. has retained Meagher Oil & Gas Properties Inc. to sell producing properties, leasehold and proprietary 3-D seismic data in the Woodford shale in Hughes and Seminole counties, Oklahoma.
The package includes 19,000 net acres on more than 199 contiguous sections, with 860 net acres producing or held by production and 7,638 net acres with the option to extend. The Woodford shale is present at depths of 3,700 to 5,000 feet, with up to 220 feet of net Woodford pay mapped across the project. Two proprietary 3-D seismic shoots cover 36 square miles. Three horizontal Woodford and two vertical strat tests have been drilled. Production results confirm dry gas on the eastern side of the project area and light oil on the western side.
The bid due date is Sept. 24. The effective date is Oct. 1. Closing is expected by Oct. 27. Contact Jacque Semple, 918-481-5900, ext. 221, jsemple@meagheroil.com.
Recommended Reading
Shell’s CEO Sawan Says Confidence in US LNG is Slipping
2024-02-05 - Issues related to Venture Global LNG’s contract commitments and U.S. President Joe Biden’s recent decision to pause approvals of new U.S. liquefaction plants have raised questions about the reliability of the American LNG sector, according to Shell CEO Wael Sawan.
Green Swan Seeks US Financing for Global Decarbonization Projects
2024-02-21 - Green Swan, an investment platform seeking to provide capital to countries signed on to the Paris Agreement, is courting U.S. investors to fund decarbonization projects in countries including Iran and Venezuela, its executives told Hart Energy.
Chevron Adds to Carbon Capture Tech Portfolio with ION Investment
2024-04-04 - Chevron New Energies led a funding round that raised $45 million in Series A financing for ION Clean Energy, according to a news release.
Marathon Chasing 20%+ IRRs with Los Angeles, Galveston Refinery Upgrades
2024-02-01 - Marathon Petroleum Corp. is pursuing improvements at its Los Angeles refinery and a hydrotreater project at its Galveston Bay refinery that are each boasting internal rate returns (IRRs) of 20% or more.
ConocoPhillips EVP of Strategy, Sustainability, Technology Macklon to Retire
2024-02-16 - Dominic Macklon, who began his career with Conoco in 1991, is set to retire ConocoPhillips May 1.