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