The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Crimson Resources II LLC retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain operated properties located in the Eagle Ford in South Texas.

Highlights:

  • Contiguous position split between La Salle and Frio counties, Texas
  • 4,833 gross (2,145 net) acres (100% HBP)
  • 57 horizontal producing wells
  • Projected March net production: 360 boe/d (74% liquids)
  • Projected next 12-month PDP net cash flow: $3.9 million
  • PDP PV-10: $10.4 million
  • 18 recomplete opportunities: $9.0 million PV-10
  • 39 upside locations remaining at 750-ft spacing: $74.1 million PV-10
RedOaks Energy Advisors Marketed Map - Crimson Resources Operated Eagle Ford Divestiture
(Source: RedOaks Energy Advisors)

Bids are due March 31. The transaction is expected to have an effective date of March 1.

A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.

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