Marketed: Springbok Additional Mineral Properties Sale

Transaction Type
Sellers
Marketers
Basin
Cotton Valley; Utica Shale; Marcellus Shale; Scoop Play; Arkoma Basin; Texas Panhandle; Barnett
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
0MM
Description

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.

Springbok Energy Partners LLC retained RedOaks Energy Advisors LLC for the sale of a portion of its mineral portfolio located across multiple basins.

Springbok will entertain offers for the entire package or one or more individual basins, according to RedOaks, the company's exclusive adviser for the sale. [Editor's note: Springbok also has a package of assets on the market through TenOaks Energy Advisors LLC, RedOaks parent company.]

Highlights:

  • Areas included: Cotton Valley, Utica/Marcellus, Scoop, Arkoma, Panhandle and Barnett
  • Total Net Royalty Acres: 4,823
  • Horizontal PDP wells: 508
  • Significant near-term development:
    • 42 drilled but uncompleted wells (DUCs)
    • 25 Permits
  • Future 12-month Cash Flow: $2.3 million (Proved Developed Producing/DUCs/Permits)

Bids are due Oct. 22. For information visit redoaksenergyadvisors.com or contact David Carter, managing director of RedOaks, at David.Carter@redoaksadvisors.com or 214-420-2334.

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