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
Brazil’s Mero-3 Offshore Development Reaches First Oil
2024-10-30 - With the start-up of Mero-3, the production capacity of the Mero field has reached 590,000 bbl/d.
KBR Awarded Engineering, Procurement Contract by Shell
2024-10-14 - KBR said it will provide engineering and procurement services for Shell's onshore portion of Manatee gas field project in Trinidad and Tobago.
E&P Highlights: Nov. 4, 2024
2024-11-05 - Here’s a roundup of the latest E&P headlines, including a major development in Brazil coming online and a large contract in Saudi Arabia.
E&P Highlights: Oct. 14, 2024
2024-10-14 - Here’s a roundup of the latest E&P headlines, including another delay at one of the largest gas fields in the world and two major contracts in West Africa.
E&P Highlights: Oct. 28, 2024
2024-10-28 - Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology.
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.