Rockdale Energy LLC

Transaction Type
Sellers
Marketers
Field
Fandango, Rosita, Dinn Ranch, Javelina, Las Hermanitas & Other Feilds
Post Date
Close Date
Room Opening Date
Estimated Price
0MM
Description

Rockdale Energy is offering for sale all of its South Texas conventional assets as part of a strategic regional exit. The company has retained TenOaks Energy Advisors as its exclusive adviser in connection with the transaction.

The sale comprises a diversified, conventional asset across prolific regions of the Wilcox and Vicksburg trends of South Texas.

Asset Highlights:

  • Prolific, Legacy Gas Fields with Operational Control
    • Fields span the Wilcox and Vicksburg trends of South Texas and have combined to produce >5 Tcf
    • 9,777 net acres (100% HBP) | ~100 WI / 75% NRI in key areas
  • Meaningful Cash Flow with Stable Production
    • Net production: ~13,400 Mcfe/d
    • Annualized 2018 PDP cash flow: $7.7 million
    • Buyer will be able to take advantage of recent operational enhancements that have significantly increased cash flow and improved field-wide economics
  • Repeatable, Highly Economic Development Opportunities
    • >100 quantified, impactful development opportunities with a complete technical dataset
    • Projects include recompletions, workovers and wellbore cleanouts / disc. ROI of 4x

Bids are due June 26. For information visit tenoaksenergyadvisors.com or contact B.J. Brandenberger, TenOaks partner, at bj.brandenberger@tenoaksadvisor.com or 214-420-2323.