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.
A private seller has retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of its Eagle Ford overriding royalty interest (ORRI) position located in Dimmit County, Texas.
Highlights:
- 713 Net Royalty Acres (normalized to 1/8th royalty)
- 0.625% ORRI across 14,520 gross acres
- 100 horizontal producers
- Significant near-term development: Eight drilled but uncompleted wells (DUCs) and Four Permits
- Average Nine spuds per year since 2018 (Five in 2020)
- One Operator: Protégé Energy III
Bids are due March 3. Virtual data room is open. The transaction is expected to have a Feb. 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
Trillion Reports Revitalized Gas Field Production Offshore Turkey
2024-08-14 - Trillion Energy produced 140 MMcf in the SASB gas field in its first 35 days of production.
US Drillers Cut Oil, Gas Rigs for First Time in Three weeks
2024-08-02 - The oil and gas rig count, an early indicator of future output, fell by three to 586 in the week to Aug. 2. Baker Hughes said that puts the total rig count down 73, or 11%, below this time last year.
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
2024-08-23 - The oil and gas rig count fell by one to 585 in the week to Aug. 23. Baker Hughes said that puts the total rig count down 47, or 7% below this time last year.
US Drillers Add Oil, Gas Rigs for First Time in Five Weeks
2024-09-13 - The oil and gas rig count rose by eight in the week to Sept. 13 to 590, returning to mid-June levels. The increase was the biggest since the week to Sept. 15, 2023.
With Montney Production Set to Grow, US E&Ps Seize Opportunities
2024-10-02 - Canada’s Montney Shale play has already attracted U.S. companies Ovintiv, Murphy and ConocoPhillips while others, including private equity firms, continue to weigh their options.