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%)
(Source RedOaks Energy Advisors LLC)
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
API’s Multi-Pronged Approach to Lower Carbon Operations
2025-01-28 - API has published nearly 100 standards addressing environmental performance and emissions reduction, which are constantly reviewed to support low carbon operations without compromising U.S. energy security.
Energy Transition in Motion (Week of March 14, 2025)
2025-03-14 - Here is a look at some of this week’s renewable energy news, including a record-breaking year for solar capacity additions.
Treasury’s New Hydrogen Tax Credit Regs Open Door to NatGas Producers
2025-01-05 - The U.S. Treasury Department’s long awaited 45V hydrogen tax credit will enable “pathways for hydrogen produced using both electricity and methane” as well as nuclear, the department said Jan. 3.
Energy Transition in Motion (Week of Jan. 17, 2025)
2025-01-17 - Here is a look at some of this week’s renewable energy news, including more than $8 billion more in loans closed by the Department of Energy’s Loan Programs Office.
Aalo Atomics Advancing Microreactor Tech for US Energy Needs
2025-01-08 - Aalo Atomics intends to build an experimental microreactor facility at the Idaho National Laboratory.
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.