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.
Magnolia Petroleum Co. retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain operated properties in southeast Texas.
Highlights
- Operated assets focused in Polk County, Texas | 100% HBP
- PDP PV10: $23 million | Next 12-month PDP cash flow: $7.5 million
- Low lifting costs ($9.40/boe) backstop strong cash flow margins (>70%)
- Net production: ~450 boe/d (79% oil)
- Production primarily from the Wilcox and Yegua
- >40 quantified upside opportunities that can be funded out of existing cash flow
- RTP / behind-pipe / add-pay / vertical drilling
Bids are due by noon CST on Sept. 30. The transaction is expected to have an Aug. 1 effective date.
A virtual data room will be available starting Aug. 30. For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 214-420-2327 or Forrest.Salge@tenoaksadvisors.com.
Recommended Reading
CNOOC Makes Oil, Gas Discovery in Beibu Gulf Basin
2025-03-06 - CNOOC Ltd. said test results showed the well produces 13.2 MMcf/d and 800 bbl/d.
CNOOC Starts Production at Two Offshore Projects
2025-03-17 - The Caofeidian 6-4 Oilfield and Wenchang 19-1 Oilfield Phase II projects by CNOOC Ltd. are expected to produce more than 20,000 bbl/d of crude combined.
Analysis: Middle Three Forks Bench Holds Vast Untapped Oil Potential
2025-01-07 - Williston Basin operators have mostly landed laterals in the shallower upper Three Forks bench. But the deeper middle Three Forks contains hundreds of millions of barrels of oil yet to be recovered, North Dakota state researchers report.
APA's Apache Reports Another Oil Discovery on Alaska's North Slope
2025-03-17 - APA Corp. and its partners plan flow tests after the success of the Sockeye-2 exploratory well.
Oxy CEO: US Oil Production Likely to Peak Within Five Years
2025-03-11 - U.S. oil production will likely peak within the next five years or so, Oxy’s CEO Vicki Hollub said. But secondary and tertiary recovery methods, such as CO2 floods, could sustain U.S. output.
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.