The following information is provided by RedOaks Energy Advisors. 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.
Lake Crystal Energy retained RedOaks Energy Advisors for the sale of certain operated properties in the Midland Basin. The properties include 3,880 net acres located in premier rock, as well as excellent reservoir quality with proven targets including the Fusselman, Spraberry and Wolfcamp A, B, C and D.
Key considerations:
- Opportunity to acquire an operated Midland Basin position with significant existing infrastructure in place
- 3,800 net acres located in Howard and Glasscock Counties
- 26 active producers | 1 injector | 2 active SWDs
- Forecasted January 2023 net production: 385 boe/d (75% Oil)
- NTM PDP net cash flow: $4.5 MM
- PDP PV-10: $12.6 MM
![Lake Crystal Energy](/sites/default/files/inline-images/lake%20crystal%20energy.png)
Offers are due at noon CST on Feb. 7. Upon execution of a confidentiality agreement, RedOaks will provide access to the Virtual Data Room, which opens Jan. 4.
For more information visit redoaksenergyadvisors.com or contact Will McDonald, vice president at RedOaks Energy Advisors, at will.mcdonald@redoaksadvisors.com or 214-727-4996.
Recommended Reading
Marketed: Delaware Basin AFE Interests Divestiture
2024-07-17 - Armstrong Energy Corp. and Slash Exploration have retained RedOaks Energy Advisors for a sale of certain wellbore-only AFE interests located in Lea County, New Mexico.
Solaris to Acquire Mobile Energy Rentals, Rename to Solaris Energy Infrastructure
2024-07-10 - Following the closing of its deal to acquire Mobile Energy Rentals, Solaris Oilfield Infrastructure will also be rebranding to Solaris Energy Infrastructure to more closely represent its expanded solutions offerings.
Come Together: California Resources, Aera Merge for Scale, Drilling Runway
2024-07-10 - California Resources Corp. closed an acquisition of Aera Energy to become California’s top oil and gas producer. Now, CRC President and CEO Francisco Leon wants to grow from a one-rig to an eight-rig drilling program—but faces stiff pushback from regulators and environmental advocates in the Golden State.
Blackstone Buys Enagás’ Tallgrass Stake for $1.1 Billion
2024-07-11 - Spain’s Enagás is selling its Tallgrass Energy interests to Blackstone Infrastructure Partners in exchange for some needed capital.
APA Closes Midland Basin, Eagle Ford Divestitures for $660 Million
2024-07-11 - APA Corp. and subsidiary Apache sold non-core assets in the Permian Basin and Eagle Ford Shale sooner than expected, and for less, as the company looks to reduce debt from its Callon Petroleum deal earlier this year.