The following information is provided by TenOaks Energy Advisors. All inquiries on the following listings should be directed to TenOaks Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
KJ Energy LLC has retained TenOaks Energy Advisors for the sale of its operated portfolio located in East Texas. The package includes a current production net rate of 52 MMcfe/d.
Opportunity highlights:
• Majority HBP position in the heart of the prolific horizontal Cotton Valley Trend in East Texas
• Largely mature production base with a current net rate of 52 MMcfe/d (75% gas)
- PDP PV10: $123MM
- NTM PDP cash flow: $27MM
• Upside features >185 horizontal drilling locations targeting multiple zones with attractive economics (~50% IRR at current strip)
- Acreage footprint ideal for facilitating long lateral development
• Ample infrastructure and takeaway capacity in place to accommodate substantial growth
Bids are due April 18 at noon CST. For complete due diligence, please visit tenoaksenergyadvisors.com or email B.J. Brandenberger, partner, at bj.brandenberger@tenoaksadvisors.com or Lindsay Sherrer, partner, at Lindsay.sherrer@tenoaksadvisors.com.
Recommended Reading
M&A Target Double Eagle Ups Midland Oil Output 114% YOY
2025-01-27 - Double Eagle IV ramped up oil and gas production to more than 120,000 boe/d in November 2024, Texas data shows. The E&P is one of the most attractive private equity backed M&A targets left in the Permian Basin.
E&P Highlights: Jan. 27, 2025
2025-01-27 - Here’s a roundup of the latest E&P headlines including new drilling in the eastern Mediterranean and new contracts in Australia.
CNX Expands in Appalachia with Closing of $505MM Apex Deal
2025-01-27 - The bolt-on of Apex Energy II upstream and midstream assets expands CNX’s stacked Marcellus and Utica undeveloped leaseholds.
NextEra Energy, GE Vernova Partner to Bolster US Grid
2025-01-27 - The CEO of NextEra Energy, which has entered a partnership with Ge Vernova, said natural gas, renewables and nuclear energy will be needed to meet rising power demand.
Freeport LNG’s Texas Plant Back in Production Post Winter Disruption
2025-01-27 - vWiner storm Enzo knocked out the Quintana Island, Texas plant’s electrical supply on Jan. 21.
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.