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.
Rockdale Energy is offering for sale all of its South Texas conventional assets as part of a strategic regional exit. The company has retained TenOaks Energy Advisors as its exclusive adviser in connection with the transaction.
The sale comprises a diversified, conventional asset across prolific regions of the Wilcox and Vicksburg trends of South Texas.
Asset Highlights:
- Prolific, Legacy Gas Fields with Operational Control
- Fields span the Wilcox and Vicksburg trends of South Texas and have combined to produce >5 Tcf
- 9,777 net acres (100% HBP) | ~100 WI / 75% NRI in key areas
- Meaningful Cash Flow with Stable Production
- Net production: ~13,400 Mcfe/d
- Annualized 2018 PDP cash flow: $7.7 million
- Buyer will be able to take advantage of recent operational enhancements that have significantly increased cash flow and improved field-wide economics
- Repeatable, Highly Economic Development Opportunities
- >100 quantified, impactful development opportunities with a complete technical dataset
- Projects include recompletions, workovers and wellbore cleanouts / disc. ROI of 4x
Bids are due June 26. For information visit tenoaksenergyadvisors.com or contact B.J. Brandenberger, TenOaks partner, at bj.brandenberger@tenoaksadvisor.com or 214-420-2323.
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