White Oak Energy V LLC
White Oak Energy V LLC has retained Macquarie Tristone to sell certain assets in South Louisiana and the East Texas Gulf Coast.
The package includes an average 60% working interest (44% net revenue interest) in 9,200 gross acres (5,800 net) in 13 fields. Fields include M Half Circle and Buna West in Texas, and Little Cheniere, Live Oak, Bayou St. Vincent, Palmetto Bayou, Kent Bayou, Willow Woods, Murphy Lake, Berry Lake, Ridge West, Ellis and Lake Arthur in Louisiana.
Net production is 5 million cubic feet equivalent per day (97% operated; 300 barrels of oil per day) from 32 wells producing from multiple zones including the Wilcox, Frio and Miocene. Approximately 50% of expected proved reserves are oil. Monthly net cash flow is $940,000. The reserve-life index is 13 years.
Contact Logan Magruder, 713-651-4229, logan.magruder@macquarie.com.