The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

TenOaks Energy Advisors has been retained by Tier 1 Merced Holdings LLC in connection with the potential sale of certain cash-generating wellbore-only properties located in the Delaware Basin and the Eagle Ford Shale.

Highlights:

  • Nonoperated working interests in 33 producing horizontal wells in the core of the Delaware Basin (Eddy and Lea County, New Mexico) and the Eagle Ford (Gonzales, Texas)
  • Considerable cash flow and production base:
    • Next 12-month Net Cash Flow: $52.2 million
    • Projected Net Production: 4,536 boe/d (80% Liquids)
    • Minimal administrative costs / burden
  • Partnered with well-established Delaware Basin operators – Devon Energy, Marathon Oil, ConocoPhillips (all wells drilled by Concho)
  • High Net Revenue Interest on multiple wells provides high margins
TenOaks Energy Advisors Marketed Map - Tier 1 Merced Nonoperated Delaware Basin and Eagle Ford Sale
(Source: TenOaks Energy Advisors LLC)

Bids are due by noon CST on Jan. 20. The transaction is expected to have an effective date of Jan. 1 with a purchase and sale agreement signing targeted by Feb. 4.

A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 817-233-4096 or Forrest.Salge@tenoaksadvisors.com.

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