The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
BXP Partners III LP retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain nonoperated working interest properties located in the Williston Basin.
- Nonoperated working interest package focused in McKenzie, Dunn and Williams counties
- 718 horizontal producers
- Next 12-month PDP Cash Flow: $1.3 million
- PDP PV-10: $5.3 million
- Significant upside remaining on position
- 13 additional AFEs funded since January 2022
- 316 remaining locations targeting the Bakken and Three Forks (PV-20: $3.9 million)
Bids are due Sept. 13. The transaction is expected to have an effective date of Sept. 1.
2023-02-03 - This week, the U.S. oil rig count dropped 10 to 599, while the gas rig count slipped two to 158, according to oilfield services firm Baker Hughes.
2022-11-30 - Santos reported that it could take up to six weeks for its John Brookes platform offshore western Australia to return to full production after discovering the small gas leak.
2022-12-19 - Halliburton’s BaraStream technology is an autonomous solution for drill cuttings management that helps reduce both cost and carbon footprint.
2022-12-16 - A mid-November, magnitude 5.4 earthquake hit an area where operators are already required to reduce disposal volumes.
2023-01-10 - Devon Energy's expected fourth quarter production fell by 15,000 boe/d to 636,000 boe/d due to negative weather impacts but has since restored the affected operations.