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.

Clearly Petroleum LLC retained TenOaks Energy Advisors as the exclusive adviser in connection with the sale of its operated, conventional oil properties across three packages: Permian Basin, North Texas and South Texas/Gulf Coast.

According to TenOaks, Clearly Petroleum will entertain offers for the entire asset as well as individual packages.

Highlights:

  • High-quality, conventional oil properties in coveted fields
  • Recent net production of 1,516 boe/d (79% oil)
  • Projected February 2020 PDP cash flow: $620,000 ($7.44 million annualized)
  • 25,667 net acres | 99% HBP | Operational control with high ownership interests

Upside:

  • Waterflood expansion and optimization projects
  • Inventory of low-cost infill drilling and field expansion opportunities
  • Several low-risk projects including recompletions and additional re-stim work
Marketed: Clearly Petroleum Operated, Conventional Oil Properties

Bids are due at noon CST March 5. A virtual data room will be available starting Feb. 3.

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

Onshore