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.
Wagner Oil Co. retained RedOaks Energy Advisors LLC as the exclusive adviser in connection with the sale of certain East Texas and Midcontinent properties.
Highlights:
Package #1 – East Texas
- Conventional, operated oil fields
- Van Field | Percy Wheeler Field
- Net production: 207 boe/d (60% liquids)
- PDP PV-10: $8.0 million
- NTM Cash Flow: $1.1 million
Package #2 – Midcontinent
- Primarily nonoperated position in North Texas and Oklahoma
- Net production: 340 boe/d (18% liquids)
- PDP PV-10: $3.8 million
- NTM cash flow: $0.7 million
Bids are due Sept. 17. The transaction is expected to have a Sept. 1 effective date.
A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.
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