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
RedOaks Energy Advisors Marketed Map - Eagle Oil and Gas Operated East Texas Properties
(Source: RedOaks Energy Advisors)

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.

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