Ridgefield Energy

Transaction Type
Sellers
Marketers
Basin
Eagle Ford Shale
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.

Ridgefield Energy has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain Eagle Ford mineral interests in DeWitt, Gonzales and Karnes counties in South Texas.

Asset Highlights:

  • Best-in-Class, Core Eagle Ford Position with a Track Record of Continued Development
    • 90 producing horizontal wells
    • 19 spuds on the position since January 2018
    • Projected 2019 cash flow: $5.2 million (PDP/DUCs/Permits)
    • Near-term growth opportunities include four drilled but uncompleted wells (DUCs) and 27 recent permits
    • 763 net royalty acres / focused in Karnes County
  • Top Tier Eagle Ford Operators Exploiting Ridgefield’s Vast Drilling Inventory at a Significant Pace
    • More than 85% of the position is operated by ConocoPhillips, one of the most active operators in the play
    • Running five rigs in the immediate area
    • Continued downspacing on and adjacent to Ridgefield’s position with excellent well results
    • More than 1,000 quantified drilling locations targeting the Lower Eagle Ford, Upper Eagle Ford and Austin Chalk

Bids are due Jan. 16. The transaction is expected to have a Jan. 1 effective date.

For information visit tenoaksenergyadivsors.com or contact B.J. Brandenberger, partner with TenOaks, at bj.brandenberger@tenoaksadvisors.com or 214-420-2323.