The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Legacy Reserves retained TenOaks Energy Advisors as its exclusive adviser in connection with its Rockies regional exit.
Highlights:
- 100% operated asset with high ownership interests
- Net Production: 1,210 boe/d (99% oil | majority conventional)
- Long-lived reserves with a historical annual decline of 5%
- PDP PV-10: $75 million | Next 12-month cash flow: $17 million
- Upside features field operations optimization, RTPs/behind-pipe opportunities and vertical drilling potential
As part of a regional exit, Legacy will entertain separate offers for Area 1 (Montana and North Dakota) or Area 2 (Wyoming’s Big Horn and Powder River basins), but with a strong preference for a single transaction, TenOaks said.
Bids are due at noon CST on Dec. 16. The transaction is expected to have an effective date of Jan. 1 with a purchase and sale agreement signing targeted by Jan. 13.
A virtual data room will be available by Nov. 16. For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 817-233-4096 or Forrest.Salge@tenoaksadvisors.com.
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