The following information is provided by TenOaks Energy Advisors. All inquiries on the following listings should be directed to TenOaks Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Uinta Wax is offering for sale an expansive area in the Uinta Basin. Included in this lot is 65,516 net acres, with a net production of 530 boe/d and a proved developed PV10 of $17 million. Uinta Wax has retained TenOaks Energy Advisors as its exclusive advisor relating to the transaction.
Asset Highlights:
- Contiguous footprint features 65,000 net acres in the Uinta Basin (Duchesne County, Utah) with majority operational control
- Stable production base generating strong cash flow
- 530 boe/d | <5% PDP decline (predominantly vertical production)
- Historically undercapitalized asset with a large sandbox of economic upside opportunities
- Immediate growth potential through both horizontal and vertical development
- Self-funding development projects include uphole recompletions and RTPs
- Resource rich leasehold - stratigraphic section consists of a 3,000'+ gross productive interval
- Operators are running a combined 12 rigs across the basin
- Multiple productive zones being exploited
Bids for this lot are due on July 20 at 12:00 p.m. CST. For complete due diligence information on this property, please visit https://tenoaksenergyadvisors.com/ or email B.J. Brandenberger, partner, at bj.brandenberger@tenoaksadvisors.com or Lindsay Sherrer, partner, at lindsay.sherrer@tenoaksadvisors.com.
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