The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Bayou Oak Production LLC has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of a nonoperated position spanning the core of the Haynesville in Louisiana’s De Soto, Caddo, Red River and Bossier parishes.
Highlights:
- Premier nonop position featuring 8 core Haynesville units (100% HBP)
- Partnered with reputable, best-in-class Haynesville operators Comstock Resources and Chesapeake Energy (Vine Energy)
- October 2021 Projected Net Production: 18.8 MMcf/d
- Near-term cash flow growth from 5 DUCs on position and four additional scheduled wells
- Next 12-month PDP+DUC Operating Cash Flow >$21.0 million
- 24 quantified locations targeting the Haynesville and Bossier formations with robust IRRs
Bids are due at noon CST on Oct. 20. The transaction is expected to have an Oct. 1 effective date. Signing of a purchase and sale agreement is targeted by Nov. 10.
A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact Mariana Castaneda at TenOaks Energy Advisors at 972-822-3817 or Mariana.Castaneda@tenoaksadvisors.com.
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