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.
Blackbeard Operating LLC retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain oil and gas properties located in the Permian Basin’s Central Basin Platform.
Highlights:
- Low-decline, oil-weighted assets focused in two prolific oil fields: Kermit (Winkler County, Texas) and Jalmat (Lea County, N.M.)
- Largely operated position | 21,589 gross (20,853 net) acres (100% HBP)
- Net production: 1,281 Boepd (69% liquids)
- Forward 12-month PDP cash flow: $5.2 million
Upside:
- Ability to increase production while generating meaningful free cash flow
- Stacked pay with lateral continuity provides ample upside in proven targets | excellent well control across the position
- Waterflood enhancement / optimization projects
- Low-cost, impactful deepening / add-pay / recompletion opportunities
- Vertical and horizontal drilling inventory with attractive economics
Bids are due March 2. A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 817-233-4096 or Forrest.Salge@tenoaksadvisors.com.
Recommended Reading
Exxon: Longer Laterals, Cube Well Design Lowering Permian Costs
2024-12-11 - Exxon Mobil is boosting spending to grow global oil and gas production by 18% by 2030. U.S. rival Chevron Corp. recently said it’s cutting spending in favor of free cash flow.
Exxon’s Custom, Lightweight Proppant Boosts Permian EURs by 15%
2024-12-17 - Exxon is lowering drilling and completion costs, boosting EURs by 15% with custom proppant and considering upside from less developed Permian Basin zones.
Shale Outlook Permian: The Once and Future King Keeps Delivering
2025-01-11 - The Permian Basin’s core is in full-scale manufacturing mode, with smaller intrepid operators pushing the basin’s boundaries further and deeper.
Jefferies: With Permian Locked Up, E&Ps Hunt for New L48 Runway
2024-11-26 - With the core of the Permian Basin largely locked up, “intrepid operators” are hunting for runway in more nascent Lower 48 basins and in less developed Permian benches.
Permian to Drive Output Growth as Other Basins Flatten, Decline–EIA
2025-01-14 - Lower 48 oil production from outside the Permian Basin—namely, the Bakken and Eagle Ford shales—is expected to flatten and decline in coming years, per new EIA forecasts.
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