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.
A private seller has retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain nonoperated working interest properties located in the Midland Basin.
The offering comprises a significant acreage footprint with strong near-term cash flow, RedOaks said. The working interest is concentrated in Howard, Reagan and Upton counties, Texas. Primary operators include SM Energy Co. and an affiliate of Houston-based Riverbend Energy Group.
Highlights:
- 918 net acres
- 51 producing horizontal wells
- Near-term development: Eight DUCs | Three Permits | 82 quantified upside locations
- NTM Forecasted net cash flow: $1.7 million
- Total PV-10: $16.8 million
- Primary operators: SM Energy and RP Operating (Riverbend)
Bids are due on Feb. 24. The transaction is expected to have a Feb. 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 214-727-4996.
Recommended Reading
Avangrid Plans $20B Investment in US Grid Infrastructure
2025-03-12 - Avangrid CEO Pedro Azagra met with U.S. policymakers to discuss how growing energy demand requires a critical need to invest in energy infrastructure.
Wildcat Expanding Terminal Transporting Crude from Uinta to Gulf Coast
2025-03-12 - Wildcat Midstream has begun expanding its Helper export terminal for more capacity to take crude from the Uinta Basin to the Gulf Coast.
Enbridge Appoints Steven Williams to Chair of the Board
2025-03-12 - Enbridge has appointed Steven Williams to lead the board of directors following Pamela Carter’s retirement as chair.
Aethon: Haynesville E&Ps Hesitate to Drill Without Sustained $5 NatGas Prices
2025-03-12 - Operators are looking to the Haynesville to fill rising natural gas demand for U.S. LNG exports. Haynesville E&P Aethon Energy says producers need sustained higher prices to step up drilling.
BP Resets to NatGas as Energy Transition Takes a Backseat, CEO Says
2025-03-12 - BP CEO Murray Auchincloss said the company’s strategic shift will focus on natural gas and “the time has come for the Haynesville.”
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.