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.
Hibernia Resources III LLC has retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain operated wellbore only properties located in the Midland Basin.
Key Considerations:
- Opportunity to acquire low-decline wellbore only operations across Upton and Reagan counties
- 54 active producers (average working interest: 86.3% net revenue interest: 64.5%)
- Forecasted May 2022 net production: 503 boe/d (67% liquids)
- Forecasted NTM PDP net cash flow: $7 million
- PDP PV-10: $24.4 million
- 27 RTP cases | Numerous wells with behind pipe potential
![RedOaks Energy Advisors Marketed Map - Hibernia Resources Midland Basin Wellbore Only Divestiture](/sites/default/files/inline-images/RedOaks%20Energy%20Advisors%20Marketed%20Map%20-%20Hibernia%20Resources%20Midland%20Basin%20Wellbore%20Only%20Divestiture.png)
Bids are due May 17. A virtual data room is available. The transaction effective date is May 1.
For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.
Recommended Reading
SLB, TotalEnergies to Develop Next-gen Digital Solutions
2024-07-03 - SLB and TotalEnergies’ 10-year partnership will address challenges across the energy value chain, including carbon capture, utilization and sequestration.
Wood Awarded Concept Study for Greater Sunrise Development
2024-07-02 - Wood said the study is on target for completion by fourth quarter 2024.: Wood said the study is on target for completion by fourth quarter 2024.
Solar Cell Maker Toyo, Blue World, Vietnam Sunergy Complete Merger
2024-07-02 - The newly combined solar company is expected to trade on the Nasdaq stock exchange under the ticker symbol TOYO.
Whitecap Sells Stakes in Gas Processing Plants in Two Deals
2024-07-02 - In separate deals, WhiteCap Resources sold gas processing assets to Topaz Energy and Pembina Pipeline—a move that strengthens Pembina’s Western Alberta position, an analyst said.
Aethon Closes $260MM Deal for Tellurian’s Gas, Midstream Assets
2024-07-01 - The deal grows Aethon Energy’s Haynesville Shale footprint as Tellurian Inc. transitions into a pure-play LNG company.