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.
Revolution Resources LLC is offering for sale certain operated and nonoperated properties in Caddo and Grady counties, Oklahoma. The company has retained RedOaks Energy Advisors as its exclusive adviser in connection with the transaction.
Key Considerations:
- Opportunity to acquire two producing, low-decline fields: Northeast Verden Unit (Caddo and Grady) and Chitwood Northwest (Grady)
- Northeast Verden Unit: Shallow decline waterflood unitized in the Marchand Sand
- Chitwood Northwest: Conventional targets producing from the Medrano reservoir
- Total PDP PV-10: $19.6 million
- Forecasted Dec. 2022 net production: 186 bbl/d of oil | 141 Mcf/d | 16 bbl/d of liquids
- Next 12-month PDP cash flow: $4.2 million
- Low lifting costs (<$20/bbl) supports strong cash flow margins
- Substantial upside remaining
- Five quantified horizontal Marchand drilling locations (Average capex: $5.5 million | Average IRR: 36%)
- 13 quantified RTP projects (Average capex: $85,000 | Average IRR: 79%)
Bids are due at noon CST on Jan. 5. The transaction is expected to have an effective date of Dec. 1.
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
EQT to Cut Workforce 15% Following Close of Equitrans Acquisition
2024-10-02 - EQT Corp. closed its $5.5 billion all-stock buy of Equitrans Midstream Corp. on Sept. 22.
TC Energy Completes Spinoff of Liquids Pipeline Business South Bow
2024-10-01 - South Bow Corp. will commence trading on the Toronto Stock Exchange on Oct. 2.
No Shortage of Capital, Shortage of Investable Low-carbon Projects
2024-09-30 - Investors are looking to the bankability equation—sustainability plus guaranteed returns—and finding that the energy transition’s problem is not a shortage of capital, but a shortage of investable projects.
Dividends Declared Sept.16 through Sept. 26
2024-09-27 - Here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
BKV Prices IPO at $270MM Nearly Two Years After First Filing
2024-09-25 - BKV Corp. priced its common shares at $18 each after and will begin trading on Sept. 26, about two years after the Denver company first filed for an IPO.
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.