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.

Cinco Oil & Gas LLC, a wholly owned subsidiary of Pillar Oil & Gas LLC, retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain operated Eagle Ford properties.

Highlights:

  • Unique opportunity to acquire an oil-weighted position in Atascosa County, Texas
  • Full operational control across ~10,300 gross (~9,800 net) acres (100% HBP) provides development flexibility
  • 100% Working Interest / 75% Net Revenue Interest across the position
  • Net Production:  1,050 boe/d (89% Oil / 6% NGL)
  • Projected PDP Next 12-month operating cash flow:  $19.1 million
  • PDP PV-10:  $71.9 million / PUD PV15: $72.0 million
  • Upside includes 35 future horizontal locations at 500 ft spacing
  • Strong Eagle Ford type well IRRs of 80% (four recent completions)
  • Cinco owns / operates ~14 miles of gas pipeline and ~7.5 miles of water pipeline (95% of water is piped)
TenOaks Energy Advisors Marketed Map - Cinco Oil and Gas Operated Eagle Ford Properties

Bids are due at noon CST on Dec. 1. The transaction is expected to have an effective date of Jan. 1 with a purchase and sale agreement signing targeted by Dec. 17.

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.

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