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
TenOaks Energy Advisors Marketed Map - Magnolia Petroleum Southeast Texas Operated Assets

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.

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