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.
Sabine Oil & Gas Corp. retained TenOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of certain operated properties in the Texas Panhandle with bids due June 27.
Highlights:
- Contiguous Operated position in the Texas Panhandle
- 10,153 gross (6,132 net) acres in Roberts County, Texas (100% HBP)
- Average Operated Working Interest: 59.4% / Net Revenue Interest: 46.1% (Net Revenue Interest/Working Interest: 77.6%)
- Stable Cash Flow and Production
- Projected May 2019 Net Production: about 1,051 barrels of oil equivalent per day (63% Liquids); over 99% operated
- Projected May 2019 Cash Flow: about $433,000 from production and midstream combined
- Owned and Controlled Midstream System with Capacity for Development Program
- 46-mile gathering system - 6-inch and 8-inch (owned 75% by Sabine / 25% Boone Pickens)
- 28 Granite Wash H horizontal locations
Bids are due by noon CST June 27. For information visit tenoaksenergyadvisors.com or contact Forrest Salge, TenOaks associate, at 214-420-2327 or Forrest.Salge@tenoaksadvisors.com.
Recommended Reading
Six New Dean Wildcats Come With 95% Oil in Northern Midland Basin
2025-02-21 - SM Energy reported geologic variability in deposition in the new play in southern Dawson County, Texas, but “it's really competitive.”
Enchanted Rock’s Microgrids Pull Double Duty with Both Backup, Grid Support
2025-02-21 - Enchanted Rock’s natural gas-fired generators can start up with just a few seconds of notice to easily provide support for a stressed ERCOT grid.
Michigan Appeals Court Allows Enbridge’s Line 5 Permits to Stand
2025-02-21 - Enbridge’s Line 5 still faces a court battle against the state in a case brought by the government.
Energy Transition in Motion (Week of Feb. 21, 2025)
2025-02-21 - Here is a look at some of this week’s renewable energy news, including a record for community solar capacity in the U.S.
Dividends Declared Week of Feb. 17
2025-02-21 - 2024 year-end earnings season is underway. Here is a compilation of dividends declared from select upstream, midstream, downstream and service and supply companies.