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.
Ganador Operating LLC retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its operated oil and gas properties in the southern Midland Basin.
Highlights:
- High-quality, conventional properties located in the prolific Sugg Ranch (Irion County, Texas)
- Net production: 777 boe/d (78% liquids) | Key zones: Spraberry, Canyon, Wolfcamp
- Projected Next 12-month cash flow: $9.0 million
- ~19,000 net acres | 100% HBP | Operational control with high ownership interests
- Upside:
- High-impact Spraberry recompletion and add perf opportunities
- Significant inventory of low-cost, vertical PUD locations
- Compelling horizontal optionality targeting the Wolfcamp B | Active development programs by offset operators
Bids are due at noon CST on Nov. 10. The transaction is expected to have an effective date of Oct. 1.
A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact Trey Bonvino at TenOaks Energy Advisors at 214-420-2331 or Trey.Bonvino@tenoaksadvisors.com.
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