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.
Pintail Oil and Gas LLC retained TenOaks Energy Advisors for the sale of its producing properties in South Texas and Louisiana through an offering closing Oct. 18.
The offering includes operated, HBP producing properties in established fields located in Nueces and Victoria counties, Texas, and Beauregard and Calcasieu parishes, La.
Highlights:
- Oil-weighted, HBP asset in legacy fields with operational control
- High ownership interests (98% Working Interest / 74% Net Revenue Interest)
- 614 net barrels of oil equivalent per day (99% liquids)
- $5.2 million annualized net cash flow
- Undercapitalized asset with behind-pipe, operational and production enhancement projects
- Option to acquire all assets or by state:
- Louisiana: DeQuincy Area (Beauregard and Calcasieu Parishes)
- Texas: Salem, Karen, Minnie Bock Fields (Victoria and Nueces Counties)
Bids are due by noon CST Oct. 18. The virtual data room will be available beginning Sept. 20.
For information visit tenoaksenergyadvisors.com or contact Trey Bonvino, TenOaks associate, at 214-420-2331 or Trey.Bonvino@tenoaksadvisors.com.
Recommended Reading
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.
In Busy Minerals M&A Year, Freehold Grabs $152MM Midland Interests
2024-12-10 - Canadian player Freehold Royalties is getting deeper in the Permian with a CA$216 million (US$152 million) Midland Basin acquisition as minerals buyers intensify M&A in the basin.
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.
Boosted by Oxy Deal, Permian Resources Expects to Grow in Delaware
2024-11-21 - Permian Resources Co-CEO Will Hickey expects more growth in the Delaware Basin thanks to his company’s advantageous cost structure.
NAPE Panelist: Occidental Shops ~$1B in D-J Basin Minerals Sale
2025-02-05 - Occidental Petroleum is marketing a minerals package in Colorado’s Denver-Julesburg Basin valued at up to $1 billion, according to a panelist at the 2025 NAPE conference.