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.
Sabine Oil & Gas retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain operated and nonoperated properties located in East Texas.
Key Considerations:
- Primarily operated East Texas position with significant upside potential
- Projected August 2022 net production: 3.7 MMcf/d of gas | 79 bbl/d of liquids | 31 bbl/d of oil
- Next 12-month PDP Cash Flow: $8.1 million
- PDP PV-10: $28.0 million
- Numerous up-hole recompletion candidates (Petit, Rodessa, Travis Peak)
- 14 modeled Haynesville refrac opportunities
- Sabine will retain all future development rights from the top of the Cotton Valley and below
Bids are due July 20. The transaction is expected to have an effective date of Aug. 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.
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