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.
TenOaks Energy Advisors has been retained by Flatonia Energy LLC and Earthstone Energy Inc. in connection with the sale of certain operated properties located in the Eagle Ford Shale.
Highlights:
- Focused, operated footprint in the Eagle Ford oil window
- ~17,000 unit acres (96% HBP) in Gonzales and Fayette counties, Texas
- High ownership interests: 100% Working Interest / 76% Net Revenue Interest
- Established Production and Cash Flow Base
- Net production: 1,100 boe/d across 81 horizontal wells
- PDP PV-10: $58 million
- Next 12-month PDP Cash Flow: $16 million
- High margins underpinned by low lifting costs ($5/boe) and strong oil realizations (97% of WTI)
- Proven, High Return, Drill-ready Locations
- Historically undercapitalized asset primed for net phase of development
- 19 horizontal Eagle Ford PUD locations with compelling economics
Bids are due at noon CST on March 23. The transaction is expected to have an effective date of April 1 with a purchase and sale agreement signing targeted in April.
A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact Trey Bonvino at TenOaks Energy Advisors at 817-233-4096 or Trey.Bonvino@tenoaksadvisors.com.
Recommended Reading
SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
2024-12-04 - SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
2024-10-30 - Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
NOV Appoints Former Denbury CEO Chris Kendall to Board
2024-12-16 - NOV Inc. appointed former Denbury CEO Chris Kendall to its board, which has expanded to 11 directors.
Geologist James Parr Joins Ring as EVP of Exploration, Geosciences
2024-11-26 - James Parr joins Ring Energy with over 30 years of experience as a petroleum geologist and leader in multiple energy organizations.
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.