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.
![TenOaks Energy Advisors](/sites/default/files/inline-images/Tenoaks.jpg)
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.
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