The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

PetroBal Omega 1 LLC retained RedOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of certain Fort Worth Basin properties.

Highlights:

  • 52,434 net acres (100% operated | 78% HBP)
    • Jack and Palo Pinto counties
  • PDP PV-10: $9.6 million
  • Net production: 978 boe/d (51% liquids)
  • Next 12 months PDP cash flow (projected): $2.3 million
  • Significant upside potential
    • 192 quantified behind pipe opportunities
    • 897 drilling locations
    • Formation targets including: Barnett, Strawn, Marble Falls, Conglomerate and Caddo
  • Company-owned infrastructure supports economic field development 
    • 19 saltwater disposal wells
    • 145+ miles of flowlines and pipelines
RedOaks Energy Advisors Marketed Map _ PetroBal Fort Worth Basin Operated Divestiture

Bids are due April 22. The transaction is expected to have an April 1 effective date. A virtual data room is available.

For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.

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