The following information is provided by RedOaks Energy Advisors. All inquiries on the following listings should be directed to RedOaks Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
GTG Operating LLC. retained RedOaks Energy Advisors for the sale of certain operated properties in Stephens County, Texas. The package includes a forecasted January 2024 net production of 239 boe/d.
Opportunity highlights:
- Unique opportunity to acquire high quality, conventional oil properties in Stephens County, Texas;
- 6,900 Net Acres (100% HBP)
- Operational control with high ownership interests;
- Eliasville Field (Avg. WI: 100.0% | Avg. NRI: 75.9%)
- Breckenridge Field (Avg. WI: 99.7% | Avg. NRI: 76.8%)
- Stable, low-decline production profile;
- Forecasted January 2024 PDP net production: 239 Boepd (96% Oil)
- Forecasted 2024 PDP net cash flow: $2.4 MM;
- GTG realizes a $1.45 premium to WTI across both fields; and
- Upside includes operational enhancements and several high-impact PDNP opportunities.
Bids are due Jan. 23 at noon CST. For complete due diligence, please visit redoaksenergyadvisors.com or email David Carter, partner, at david.carter@redoaksadvisors.com or Will McDonald, vice president, at will.mcdonald@redoaksadvisors.com
Recommended Reading
Enchanted Rock’s Microgrids Pull Double Duty with Both Backup, Grid Support
2025-02-21 - Enchanted Rock’s natural gas-fired generators can start up with just a few seconds of notice to easily provide support for a stressed ERCOT grid.
ADNOC Contracts Flowserve to Supply Tech for CCS, EOR Project
2025-01-14 - Abu Dhabi National Oil Co. has contracted Flowserve Corp. for the supply of dry gas seal systems for EOR and a carbon capture project at its Habshan facility in the Middle East.
McDermott Completes Project for Shell Offshore in Gulf of Mexico
2025-03-05 - McDermott installed about 40 miles of pipelines and connections to Shell’s Whale platform.
Baker Hughes: US Drillers Add Oil, Gas Rigs for Third Week in a Row
2025-02-14 - U.S. energy firms added oil and natural gas rigs for a third week in a row for the first time since December 2023.
Formentera Joins EOG in Wildcatting South Texas’ Oily Pearsall Pay
2025-01-22 - Known in the past as a “heartbreak shale,” Formentera Partners is counting on bigger completions and longer laterals to crack the Pearsall code, Managing Partner Bryan Sheffield said. EOG Resources is also exploring the shale.
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.