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.
Meade Energy Corp. is offering for sale certain operated, nonoperated and royalty properties located in Oklahoma and Texas. Meade has retained TenOaks Energy Advisors LLC as its exclusive adviser in connection with the transaction.
Highlights:
- Low decline production base primarily in the Anadarko and Arkoma Basins of Oklahoma
- ~5 MMcfe/d (14% oil)
- ~$4.3 million Next 12-month Projected Cash Flow
- PDP PV-10: ~$15 million
- $903,000 in Overhead Income that provides additional revenue stream
- Large HBP land position provides potential for future development
- Multiple upside opportunities (RTP, behind pipe, horizontal drilling)
- Offers will be accepted separately for 1) working interest package, and 2) royalty package
Bids are due March 23. A virtual data room opens Feb. 16. For information visit tenoaksenergyadvisors.com or contact Lindsay Sherrer at TenOaks Energy Advisors at 214-420-2324 or Lindsay.Sherrer@tenoaksadvisors.com.
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