Dallas-based Rise Energy has retained Centergy Advisors and Anderson Oil &Gas to sell multi-pay zone oil-producing properties in Kansas.

The package includes nonoperated working interests range from 20% to 40% (average 37.8%) in 71 producing oil wells and includes approximately 23,000 gross acres (7,300 net). The assets are in 11 counties with the majority in Ness County.

Current production is approximately 390 barrels of oil per day (109 net) with monthly net cash flow of approximately $265,000. Estimated net proved reserves are 683,000 barrels (755,000 barrels proved, probable and possible).

Proved upside includes low risk/high margin infill and step-out drilling opportunities on established producing structures. Exploration upside includes exposure to the emerging horizontal Mississippian play, 21 square miles of proprietary 3-D seismic data, and multiple drilling prospects.

The bid due date is Aug. 3. The effective date is July 1. Contact Jon Dormer, 469-533-6734, jon@centergyadvisors.com.