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 as the exclusive adviser in connection with the sale of the Charco Package comprised of certain South Texas and East Texas properties.
Highlights:
- Conventional, operated gas fields across prolific regions of South Texas and East Texas
- About 85,000 net acres
- Net production: 1,309 boe/d (23% liquids)
- PDP PV-10: $12.8 million
- Next 12-month Cash Flow: $2.9 million
The transaction is expected to have a Sept. 1 effective date.
Bids are due Oct. 14. 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.
Recommended Reading
Trinasolar Develops Tandem Solar Module That Exceeds 800W
2025-03-28 - The 3.1-sq-m module was made with perovskite/silicon tandem solar cells, Trinasolar says.
Woodside Divests Greater Angostura Assets to Perenco for $206MM
2025-03-28 - The Greater Angostura field produces approximately 12% of Trinidad and Tobago’s gas supply, said Woodside CEO Meg O’Neill in a press release.
Phillips 66 Director Criticizes Activist Investor Elliott Amid Proxy Battle
2025-03-28 - A boardroom battle between U.S. refiner Phillips 66 and activist investor Elliott Investment Management has intensified with a Phillips 66 independent director leveling criticisms at Elliott in an open letter to shareholders.
Glenfarne Deal Makes Company Lead Developer of Alaska LNG Project
2025-03-28 - Glenfarne Group LLC is taking over as the lead developer of the Alaska LNG project with the acquisition of a majority interest in the project from Alaska Gasline Development Corp.
Mentor Buys Diamondback-Operated Royalty Acres in Permian
2025-03-28 - Mentor Capital Inc. has purchased a 25.127 net royalty acre stake in West Texas’ Permian Basin.