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
TenOaks Energy Advisors Marketed Map - Daylight Petroleum Gulf Coast Portfolio
(Source: TenOaks Energy Advisors LLC)

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.