{"id":26,"date":"2017-09-18T18:52:17","date_gmt":"2017-09-18T18:52:17","guid":{"rendered":"http:\/\/dev.blu27.com\/edge\/sarita\/website\/?page_id=26"},"modified":"2017-11-15T13:53:54","modified_gmt":"2017-11-15T19:53:54","slug":"acquisition-criteria","status":"publish","type":"page","link":"http:\/\/dev.blu27.com\/edge\/sarita\/website\/acquisitions\/acquisition-criteria\/","title":{"rendered":"Acquisition Criteria"},"content":{"rendered":"

Acquisition Criteria<\/strong><\/span><\/h1><\/div>

The right opportunities often reveal themselves through diligence.<\/span><\/p>\n<\/div>

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Required documentation<\/h3>\n
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  • The most recent six months of check stub data<\/li>\n
  • The most recent six months of monthly Joint Interest Billings<\/li>\n
  • If available, the most recent Ad Val tax assessment (e.g. local property tax)<\/li>\n
  • For Prospects and Drilling Deals \u2014 Term Sheet and Overview<\/li>\n<\/ul>\n<\/div>
    <\/div><\/div><\/div>

    Operated and Non-Operated Working Interests acquired by Sarita Energy Resources are evaluated based upon these criteria:<\/h3>\n
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    • Located onshore Texas, New Mexico, Oklahoma, Kansas, and Louisiana. No federal leases. No offshore. No inland waters or state waters.<\/li>\n
    • Operate or Non-Operated Working Interests, no partnerships, Working Interest should be greater than 15% and Net Revenue Interest greater than 12.5%<\/li>\n
    • No town sites or nearby population<\/li>\n
    • Roads in vicinity, no schools, no transmission lines, no wind farms in well vicinity<\/li>\n
    • Oil or Gas: Sweet or Sour; Gravity from 25-55 API; High Pressure or Stripper acceptable<\/li>\n
    • No Well bore only<\/li>\n
    • Available acreage desirable, but not necessary<\/li>\n
    • Have at least 12 months of ongoing production<\/li>\n
    • Deal should have PSA, JOA, Expl Agreement, AMI, Consents to Assign, Gas Sales Agreement<\/li>\n
    • No Law Suits or Pending Litigation<\/li>\n
    • Consider no assets that accrue out of ongoing litigation<\/li>\n<\/ul>\n

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