The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Blackbeard Operating LLC retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of its majority operated position in the Western Anadarko Basin of Oklahoma.
Highlights:
- High-quality, conventional properties in legacy fields
- Counties: Roger Mills, Beckham, Custer, Ellis, Cimarron, Beaver and Washita
- 52,964 Net Acres | 100% HBP | 90% Operated
- Net Production: 6.600 MMcfe/d
- Mature, low-decline production profile
- Key formations: Marmaton, Skinner/Hogshooter Wash, Red Fork and Tonkawa/Cleveland
- Upside Potential:
- Significant inventory of recompletion candidates
- Vertical and horizontal development opportunities
Bids are due by Aug. 20. A virtual data room is open. The transaction is expected to have an Aug. 1 effective date.
For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.
Recommended Reading
Shell, Equinor JV to Create UK’s Largest Independent Oil, Gas E&P
2024-12-05 - The joint venture will produce more than 140,000 boe/d in 2025, Shell said. In the U.K., Equinor currently averages 38,000 boe/d and Shell 100,000 boe/d.
Kosmos in Talks to Acquire UK’s Tullow Oil in All-Stock Deal
2024-12-12 - Kosmos Energy is in early discussions to acquire U.K.-based Tullow Oil in an all-stock transaction, the companies confirmed.
Gevo Completes $210MM Red Trail Assets Deal for Ethanol Plant
2025-02-05 - Gevo has renamed an ethanol production plant and CCS assets acquired from Red Trail Energy as “Net-Zero North.”
Permian EOR Firm Plans Reverse Merger with Coconut Water Brand
2024-12-05 - Roosevelt Resources, which is developing an EOR project in the Texas Permian Basin, aims to go public through a reverse merger.
China's CNOOC Sells US Assets to Britain's INEOS
2024-12-15 - The Chinese oil and gas major said CNOOC Energy Holdings U.S.A. entered into a sales agreement with a subsidiary of INEOS relating to CNOOC's upstream oil and gas assets in the U.S. part of the Gulf of Mexico.