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.
Titan Rock Exploration & Production is offering for sale operated properties located in East Texas. The company has retained TenOaks Energy Advisors as its exclusive adviser in connection with the transaction.
Key Considerations:
- Vast leasehold position with high working interest (100% HBP / 90% Working Interest)
- Net Production: ~6.3 MMcfe/d (91% gas)
- Shallow base decline with ~112 miles of owned pipeline infrastructure
- Favorable gas price realizations because of HH proximity
- Next 12-month Cash Flow: $10.5 million
- PDP PV-10: $44.6 million
- Numerous development projects
- Horizontal Cotton Valley locations
- Vertical Travis Peak infill locations
- Multiple recompletions (Travis Peak / Pettit)
- Gas lift installations and RTP workovers
Bids are due at noon CST Sept. 21. The transaction has an effective date of Oct. 1 with closing targeted in the fall.
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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