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.

Callon Petroleum Operating Co. retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its nonoperated working interest portfolio in the Permian Basin and Eagle Ford.

Highlights:

  • HBP Leasehold in Tier 1 Rock in the Delaware Basin, Midland Basin and Eagle Ford
    • 1,365 net boe/d from 154 horizontal wells provides solid cash flow base
      • 1,200 net boe/d (Permian Basin)
      • 165 net boe/d (Eagle Ford)
    • PDP + DUC + Permit PV-10: $31.4 million (96% PDP)
    • Sizeable inventory of future locations in multiple proven formations
    • Self-funding Development pace provides capital flexibility
  • Partnered with High Quality Operators
    • Key Operators include Concho Resources Inc., Diamondback Energy Inc., Apache Corp., SM Energy Co., Parsley Energy Inc., PDC Energy Inc. and EOG Resources Inc.
    • Primary operators are currently running 12 rigs in the Delaware Basin and have continued to develop their leasehold despite commodity price environment
Marketed: Callon Petroleum Nonop Permian Basin, Eagle Ford Portfolio

Bids are due by noon CT Aug. 18. A virtual data room will be available starting July 17.

The transaction is expected to have a Sept. 1 effective date with a purchase and sales agreement signing estimated by Sept. 8.

For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 214-420-2327 or Forrest.Salge@tenoaksadvisors.com.

Onshore