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.

GTG Operating RedOaks Advisors
(Source: RedOaks Energy Advisors)

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

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