Acquisition Criteria
The right opportunities often reveal themselves through diligence.
Required documentation
- The most recent six months of check stub data
- The most recent six months of monthly Joint Interest Billings
- If available, the most recent Ad Val tax assessment (e.g. local property tax)
- For Prospects and Drilling Deals — Term Sheet and Overview
Operated and Non-Operated Working Interests acquired by Sarita Energy Resources are evaluated based upon these criteria:
- Located onshore Texas, New Mexico, Oklahoma, Kansas, and Louisiana. No federal leases. No offshore. No inland waters or state waters.
- Operate or Non-Operated Working Interests, no partnerships, Working Interest should be greater than 15% and Net Revenue Interest greater than 12.5%
- No town sites or nearby population
- Roads in vicinity, no schools, no transmission lines, no wind farms in well vicinity
- Oil or Gas: Sweet or Sour; Gravity from 25-55 API; High Pressure or Stripper acceptable
- No Well bore only
- Available acreage desirable, but not necessary
- Have at least 12 months of ongoing production
- Deal should have PSA, JOA, Expl Agreement, AMI, Consents to Assign, Gas Sales Agreement
- No Law Suits or Pending Litigation
- Consider no assets that accrue out of ongoing litigation