The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
HEXP Resources LLC retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain operated properties located in the Permian Basin.
Highlights:
- Active waterflood – 4,826 gross (3,876 net) acres (100% HBP)
- Position located in Cochran County, Texas
- Projected March 2022 net production: 133 bbl/d of oil | 35 Mcf/d of gas
- Projected next 12-month PDP net cash flow: $2.2 million
- PDP PV-10: $10.7 million
- Unquantified operational enhancements and infill drilling
Bids are due March 24. The transaction is expected to have an effective date of March 1. A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.
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