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.
Recommended Reading
Kosmos Breaks Off Talks to Acquire UK’s Tullow
2024-12-17 - Kosmos Energy Ltd. gave no reason for breaking off acquisition talks with Tullow Oil, which the companies had said were at a preliminary stage.
Talos Sells More of Mexican Subsidiary to Billionaire Carlos Slim
2024-12-17 - Talos Energy has agreed to sell another 30.1% interest in subsidiary Talos Mexico to entities controlled by billionaire Carlos Slim, whose companies also own at least 24% of Talos Energy’s common stock.
Logan Energy Closes Gran Tierra Joint Venture Acquisition
2024-12-18 - Logan Energy Corp. paid approximately $37 million for 50% working interests in Gran Tierra’s Simonette Montney assets and will assume operatorship.
Surge Closes on Divestment of Alberta Non-Core Gas Assets
2024-12-20 - Surge Energy said it has focused on developing its core Sparky and southeast Saskatchewan crude oil assets, leaving the Alberta non-core assets undercapitalized.
LandBridge Closes Deal for 46,000 Surface Acres in Delaware Basin
2024-12-20 - LandBridge Co., which held a successful IPO in August, added about 53,000 acres and now holds about 273,000 acres.
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.