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.
Daylight Petroleum retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of a portfolio of Gulf Coast properties.
Highlights
- Operated, HBP footprint (primarily Texas and Louisiana)
- PDP PV-10: $31 million | Next 12-month PDP cash flow: $8 million
- High cash operating margins: 60%
- Low-decline production base
- Net production: ~700 boe/d (70% oil)
- Inventory of 45 low-cost, high-impact development opportunities
- F&D of $4.10 per boe
- Upside PV-20: $15 million
Bids are due by noon CST on Sept. 14. The transaction is expected to have a Sept. 1 effective date.
A virtual data room will be available starting Aug. 11. For information visit tenoaksenergyadvisors.com or contact Trey Bonvino at TenOaks Energy Advisors at 214-420-2331 or Trey.Bonvino@tenoaksadvisors.com.
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