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
Hamm: Interior, DOE Leadership is a ‘Dream Team’
2025-02-06 - Harold Hamm, U.S. energy policy influencer and founder of wildcatter Continental Resources, said his top choices of Interior Secretary Doug Burgum and newly confirmed Energy Secretary Chris Wright will be a “dream team of unimaginable proportions.”
CEO: TotalEnergies to Expand US LNG Investment Over Next Decade
2025-02-06 - TotalEnergies' investments could include expansion projects at its Cameron LNG and Rio Grande LNG facilities on the Gulf of Mexico, CEO Patrick Pouyanne said.
VanLoh: US Energy Security Needs ‘Manhattan Project’ Intensity
2025-02-06 - Quantum Capital Group Founder and CEO Wil VanLoh says oil and gas investment, a modernized electric grid and critical minerals are needed to meet an all of the above energy strategy.
Enterprise Products Considering Moving On from SPOT
2025-02-05 - Permitting delays and challenges finding customers have put the future of Enterprise Product Partners’ Seaport Oil Terminal Project in doubt.
Oil Industry Veteran Beyer Appointed to Key Interior Department Post
2025-02-05 - Energy industry veteran Leslie Beyer has been appointed to assistant secretary of land and minerals management at the U.S. Interior Department, where she will oversee key agencies including the Bureau of Land Management and Bureau of Ocean Energy Management.
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.