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 White Oak Energy in connection with the sale of its Magnet Withers Field in Wharton County, Texas
Highlights:
- Operational control in a prolific South Texas field
- PDP PV-10: $50 million | Next 12-month PDP cash flow: $11 million
- Net production: ~627 bbl/d of oil | Premium pricing to WTI
- Upside demonstrated by recent drilling program targeting the Upper Frio
- Average EUR of >100 MBo
- Robust economics enhanced by flexible capital development options
Bids are due at noon CST on April 20. A virtual data room will be available starting March 10. For information visit tenoaksenergyadvisors.com or contact Trey Bonvino at TenOaks Energy Advisors at 817-233-4096 or Trey.Bonvino@tenoaksadvisors.com.
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