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.
White Rock Oil & Gas LLC retained TenOaks Energy Advisors for the sale of a majority operated working interest portfolio located across five regions of the lower 48—the Permian Basin, Ark-La-Tex, Rockies, Mid-Continent and Michigan. Current net production of 2,263 Boe/d is supported by a shallow base decline of 6% and a strong weighting towards liquids (72%).
Key considerations:
- Large, scalable operated platform
- 32% Permian (CBP) | 30% Rockies | 27% Ark-La-Tex | 7% Mid-Con | 4% Michigan
- PDP PV10: $125 MM | NTM PDP cash flow: $26 MM | Net Production (PDP): 2,263 Boepd
- Commodity Mix: 72% liquids
- Long-lived production base / Strong, stable cash flow
- 6% PDP decline (predominantly vertical production)
- Sandbox of upside opportunities in each region
- Vertical & horizontal new drills, refracs/recompletions, waterflood optimizations/implementations, RTPs, and operational enhancements
- 100% HBP asset provides development timing flexibility
Bids are due at noon CST on Oct. 24, 2023. For additional information, please visit tenoaksenergyadvisors.com or email B.J. Brandenberger, partner, at bj.brandenberger@tenoaksadvisors.com.
Recommended Reading
Report: Diamondback in Talks to Buy Double Eagle IV for ~$5B
2025-02-14 - Diamondback Energy is reportedly in talks to potentially buy fellow Permian producer Double Eagle IV. A deal could be valued at over $5 billion.
M&A Target Double Eagle Ups Midland Oil Output 114% YOY
2025-01-27 - Double Eagle IV ramped up oil and gas production to more than 120,000 boe/d in November 2024, Texas data shows. The E&P is one of the most attractive private equity-backed M&A targets left in the Permian Basin.
NOG Spends $67MM on Midland Bolt-On, Ground Game M&A
2025-02-13 - Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
2025-01-29 - Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
On The Market This Week (Jan. 20, 2025)
2025-01-24 - Here is a roundup of marketed oil and gas interests in the Delaware Basin, Midcontinent and Bakken from select sellers.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.