Marketed: Team Operating Powder River Basin Regional Exit

Transaction Type
Sellers
Marketers
Basin
Powder River Basin
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
0MM
Description

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.

Team Operating has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain operated properties located in the Powder River Basin. The offering includes about 8,800 net acres (100% HBP) across 10 fields in Wyoming’s Campbell County. December 2021 net production was roughly 550 boe/d (100% oil) and the next 12-month PDP operating cash flow is projected at $8.8 million.

Bids are due at noon CST on Feb. 23. The transaction is expected to have an effective date of May 1 with a purchase and sale agreement signing targeted by March 11. A virtual data room will be available starting Jan. 19. For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 817-233-4096 or Forrest.Salge@tenoaksadvisors.com.

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