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.
Eagle Oil & Gas Co. retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain operated properties located in East Texas.
Key Considerations:
- Opportunity to acquire two cash flowing East Texas fields in Henderson and Anderson counties
- 29 active producers (Average working interest: 94.5% Net revenue interest: 76.0%)
- Forecasted May 2022 net production: 145 bbl/d of oil | 1,386 Mcf/d
- Forecasted next 12-month PDP net cash flow: $5.6 million
- PDP PV-10: $17.0 million
- Multizone upside development potential targeting the Rodessa, James Lime and Pettet
Bids are due May 18. A virtual data room is available. The transaction effective date is May 1.
For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.
Recommended Reading
Dividends Declared Week of Nov. 18
2024-11-22 - Here is a compilation of dividends declared in the week of Nov. 18 from select upstream and service and supply companies for fourth-quarter 2024.
Exxon Mobil to Cut Almost 400 Jobs in Wake of Pioneer Acquisition
2024-11-14 - A regulatory filing shows more than 90% of layoffs are at Pioneer’s former headquarters in Irving, Texas with the rest being workers in Midland.
Dividends Declared Week of Nov. 4
2024-11-08 - Here is a compilation of dividends declared from select upstream and midstream companies in the week of Nov. 4.
BP Cuts Over 5% of Workforce to Reduce Costs
2025-01-16 - BP will cut over 5% of its global workforce as part of efforts to reduce costs and rebuild investor confidence.
Dividends Declared Week of Jan. 13
2025-01-17 - With 2024 year-end earnings season underway, here is a compilation of dividends declared from select upstream, midstream and downstream companies.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.