The following information is provided by Energy Advisors Group (EAG). All inquiries on the following listings should be directed to EAG. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Peach Creek Petroleum LLC retained Energy Advisors Group (EAG) to market an Alabama waterflood sale package.
Located in Alabama’s Clarke and Baldwin counties, the package includes 5,400 net acres (100% HBP) and 37 producers targeting the Eutaw, Massive and Pilot Sands formations in the South Carlton Field with net operating cash flow projected at around $2.3 million per year.
Highlights:
- Waterflood Expansion Opportunity in the South Carlton Field
- Targeting Upper and Lower Tuscaloosa Eutaw, Pilot and Massive Sands
- 5,400-Net Acres Unitized in Clarke and Baldwin Cos., Alabama
- PDP PV-10 of $19.7 Million
- Operated Position With ~100% Working Interest & 80% Net Revenue Interest
- 300 bbl/d of Oil Gross Production From 37 Active Producers
- $2.34 Million/Year Projected Net Operating Cash Flow
- Net Waterflood PV-10: $64.8 million | Net Reserves: 7,039 Mbbl
![Energy Advisors Group Peach Creek Petroleum Asset Locator Map](/sites/default/files/inline-images/Energy%20Advisors%20Group%20Peach%20Creek%20Petroleum%20Asset%20Locator%20Map.png)
![Energy Advisors Group Peach Creek Petroleum Pilot and Massive Type Log](/sites/default/files/inline-images/Energy%20Advisors%20Group%20Peach%20Creek%20Petroleum%20Pilot%20and%20Massive%20Type%20Log.png)
Bids are due May 19. A virtual data room is available.
Peach Creek Petroleum also retained EAG to market a Texas Gulf Coast operated sales package with bids also due May 19.
For more information, email co-project leads Sara Davis, EAG vice president, at sdavis@energyadvisors.com, or Rich Martin, EAG director, at rmartin@energyadvisors.com.
Recommended Reading
Woodside to Emerge as Global LNG Powerhouse After Tellurian Deal
2024-07-24 - Woodside Energy's acquisition of Tellurian Inc., which struggled to push forward Driftwood LNG, could propel the company into a global liquefaction powerhouse and the sixth biggest public player in the world.
US Using More, Storing Less NatGas in Summer 2024—EIA
2024-07-24 - Gas storage levels remain high, thanks to record production levels in 2023 and a warmer-than-typical winter.
Texas LNG, EQT Sign a 2-mtpa LNG Tolling Agreement
2024-07-24 - EQT will supply natural gas to Texas LNG, a 4- million tonnes per annum LNG export terminal planned for the Port of Brownsville, Texas.
US Oil Stockpiles Fall Across the Board on Higher Exports, Demand, EIA Says
2024-07-24 - Some of the stock drawdowns could be attributed to normalizing operations following Hurricane Beryl's rampage of the Texas coast.
Freeport LNG’s Slow Restart Stokes Concern Over Supply Risk
2024-07-23 - The 15-mtpa Freeport LNG facility remains under the spotlight of the global market as it slowly resumes operations after pausing ahead of Hurricane Beryl’s arrival along the U.S. Gulf Coast.