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 properties in East Texas.

Highlights:

  • Opportunity to acquire a diversified asset base in East Texas
    • Wellbore-only assignments
    • One saltwater disposal well and midstream gathering system (38 miles) included in sale
  • Next 12-month PDP cash flow: $1.6 million
  • Net production: 3.8 MMcfe/d (79% Gas)
  • PDP PV-10: $5.8 million
  • Upside development potential: 58 behind pipe recomplete opportunities and 18 workovers (Total PV-10: $14 million)
RedOaks Energy Advisors Marketed Map - Sabine Oil and Gas Operated East Texas Properties
East Texas Operated Properties Location Map (Source: RedOaks Energy Advisors)

Bids are due Oct. 6. 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.

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