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.
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