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Alta Mesa Resources, Inc

Company Summary

Description

Alta Mesa Resources is the successor of Silver Run II, and its strategy following the transaction is to focus on the development and acquisition of unconventional oil and natural gas reserves in the Anadarko Basin through Alta Mesa and to provide midstream energy services, including crude oil and gas gathering, processing and marketing, to producers of natural gas, natural gas liquids, crude oil and condensate in the STACK Play region of Oklahoma through Kingfisher.

Website

http://altamesa.net/

Operational Regions

  • Oklahoma STACK Play
  • Anadarko Basin

Financial Data:

NASDAQ:SRUN from Google Finance
NASDAQ:SRUNW from Google Finance
NASDAQ:SRUNU from Google Finance
NASDAQ:AMR from Google Finance
NASDAQ:AMRRW from Google Finance

Tickers:

  • SRUN - NASDAQ
  • SRUNW - NASDAQ
  • SRUNU - NASDAQ
  • AMR - NASDAQ
  • AMRRW - NASDAQ

Related Entities

Recent news

  • 5/29/2020 - Alta Mesa's Chapter 11... (subscriber access)
  • 3/11/2020 - Alta Mesa Resources Sale... (subscriber access)
  • 1/14/2020 - Alta Mesa Subsidiary... (subscriber access)
  • 9/24/2019 - Alta Mesa Reports OTC... (subscriber access)
  • 9/18/2019 - Alta Mesa Will Not... (subscriber access)

Investor Presentations

  • 3Q18 Investor Presentation
  • 2Q18 Investor Presentation (subscriber access)
  • 1Q18 Earnings Presentation (subscriber access)
  • Q4 2017 Earnings, 2018 Operational Update and Guidance (subscriber access)

Company Transactions

Date: 10/15/2018
Type: Acquisition

DETAILS:

ACRES: 16000 Acres

NOTES:
Alta Mesa Resources closed their letter agreement for undivided ownership and operatorship of roughly 16,000 net acres with a private leasehold owner in Major County, Oklahoma. The private leasehold owner dedicated its gas, crude oil, and produced water in portions of Major and surrounding counties, currently including 10,600 net acres. A ninth rig was added at the beginning of October to support the delineation of the expanded Major County footprint.

Date: 10/1/2018
Type: Acquisition

DETAILS:

COST: 90 $MM

VOLUMES: 75 M Bbls/d

NOTES:
Alta Mesa completed their transfer of produced water business from Alta Mesa Upstream to Kingfisher Midstream for a value of $90 million, closing on November 9, 2018, with an effective date of October 1, 2018. Produced water volumes for 3Q18 averaged 75 Mbbls/d on the system consisting of 200 miles of permanently installed gathering pipeline and 20 produced disposal wells. Alta Mesa also entered into a 15-year produced water and gathering disposal agreement with Kingfisher Midstream.

Date: 8/14/2018
Type: Joint Venture

DETAILS:

ACRES: 17000 Acres

NOTES:
Alta Mesa Resources has signed a letter of intent with a private producer on 17,000 acres in Major County, Oklahoma to gain partial ownership contiguous to their current acreage. Alta Mesa will operate the combined position and Kingfisher Midstream will handle produced crude oil, gas and water volumes.
REGIONS:
  • Oklahoma STACK Play
  • Meramec Shale
  • Date: 2/12/2018
    Type: Merger

    DETAILS:

    ACRES: 120000 Acres

    NOTES:
    Silver Run Acquisition Corp and Alta Mesa Holdings have entered into agreements to combine with Kingfisher Midstream. Upon closing, Silver Run will be renamed Alta Mesa Resources and will trade on the NASDAQ under the ticker "AMR". The combined companies will have a market capitalization of $3.8 billion.
    REGIONS:
  • Oklahoma STACK Play
  • Date: 2/12/2018
    Type: Acquisition

    NOTES:
    Silver Run paid $800 million in cash, $550 million in stock and up to $200 million in stock based on future trading performance.
    REGIONS:
  • Oklahoma STACK Play