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.
Brazos River Exploration is offering for sale operated properties located in the Fort Worth Basin. The company has retained TenOaks Energy Advisors as its exclusive adviser in connection with the transaction.
Key Considerations:
- Blocky operated leasehold with high ownership interests in the Fort Worth Basin
- Net Production: ~700 boe/d across 21 producers (54% oil)
- Next 12-month Cash Flow: $12 million
- PDP PV-10: $29 million
- Upside features two turnkey DUCs, new drills, refracsand additional operational projects
- DUC PV15: $8 million (<1 year payout)
- PUD PV20: $12 million (F&D of $14 / boe)
- Primary Formation: Caddo
Bids are due at noon CST on Sept. 20. The transaction has an effective date of July 1.
A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact Trey Bonvino at TenOaks Energy Advisors at 972-489-6213 or Trey.Bonvino@tenoaksadvisors.com.
Recommended Reading
SilverBow Resources Adds New Webb County Position for $50 Million
2022-09-16 - The new position in the dry gas Dorado play doubles SilverBow’s current Webb County acreage in South Texas, which now totals 15,000 acres with an estimated drilling inventory exceeding 200 gross locations.
Russia to Take Sakhalin-1 Project Under its Control, Sources Say
2022-07-07 - Russian President Vladimir Putin signed a decree last week seizing full control of the Sakhalin-2 gas and oil project, a move that could force out Shell and Japanese investors.
Subsea Firm Proves Acoustic Hydrate Detection in Deep Water
2022-07-18 - Now that a ROV-propelled acoustic sensor has proven the ability to locate blockage in a deepwater pipeline, TSC Subsea is looking into other use cases, such as detecting the buildup of hydrates and wax deposits before a plug form.
Midstream Capacity Key to Surging Shale Production
2022-07-17 - Water in and out as well as hydrocarbon transport sustain new completion techniques for U.S. shale producers.
Guyana Races Against the Clock to Bank its Oil Bonanza
2022-07-18 - An Exxon Mobil-led consortium plans to pump 1.2 MMbbl/d of oil from its holdings in Guyana in 2027, which would give the country more output than its neighbor Venezuela and the highest output per capita in the world.