Hefner receives national award from the AAPL

Hefner Energy's Founder & CEO, Robert Hefner V, has been named 2016 "Best Member Communication" from the American Association of Professional Landmen (AAPL) for his work and social media interaction surrounding the lightning rod issue of (and titled) Induced Seismicity

Earlier versions of his work had been published by the Oklahoma Independent Petroleum Association (OIPA) and Oklahoma City Association of Professional Landmen (OCAPL).

Marathon Oil Pays $888 Million to Acquire Payrock Energy

Marathon Oil announced they will pay $888MM to acquire Payrock Energy's position in the STACK, covering roughly 61,000 net acres and current net production of 9,000 barrels of oil equivalent per day (Boe/d).

Marathon Oil's Investor Relations Webcast Highlights:

  • The deal implies $11,800 per net undeveloped acre after backing out PDP production value.
  • Initial production rates on a few of their 1-mile lateral wells exceeded 1,300 Boe/d.
  • 330 MMBOE 2P Resource with 490 gross operated locations ($2.20 / Boe implied value)
  • 6 well Meramec density per section assumed in their valuation
  • 940 MBoe EUR per well type curve
  • 790 Boe/d average IP30

Marathon's shares surged since the announcement was made.

Payrock Energy is a private oil and gas portfolio company of EnCap Investments and was advised by Jefferies, Inc. on the transaction.

HighMark Energy Acquires Atalaya Resources 4,095-acre STACK position

HighMark Energy of Dallas, TX announced June 2, 2016 their acquisition of nearly 4,100 acres from Atalaya Resources in the STACK.

The position covers mostly Blaine and Canadian Counties, Oklahoma.

About HighMark Energy

With the equity backing of Natural Gas Partners, HighMark Energy was formed in the fall of 2013 to acquire, develop and produce upstream oil and natural gas assets.

HighMark's principal strategy is the acquisition of mature, high quality, producing properties. Management has the skill set and experience to undertake a broad range of negotiated and competitive transactions including mergers, direct acquisitions, and equity and debt participations.