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.
Crimson Resources II LLC retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain operated properties located in the Eagle Ford in South Texas.
Highlights:
- Contiguous position split between La Salle and Frio counties, Texas
- 4,833 gross (2,145 net) acres (100% HBP)
- 57 horizontal producing wells
- Projected March net production: 360 boe/d (74% liquids)
- Projected next 12-month PDP net cash flow: $3.9 million
- PDP PV-10: $10.4 million
- 18 recomplete opportunities: $9.0 million PV-10
- 39 upside locations remaining at 750-ft spacing: $74.1 million PV-10
Bids are due March 31. The transaction is expected to have an effective date of March 1.
A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.
Recommended Reading
Braya Renewable Fuels Begins Commercial Operations at Revamped Refinery
2024-02-23 - The Come By Chance refinery in Newfoundland and Labrador produces renewable diesel instead of petroleum diesel.
High Interest Rates a Headwind for the Energy Transition
2024-04-18 - Persistent high interest rates will make transitioning to a net zero global economy much harder and more costly, according to Wood Mackenzie Head of Economics Peter Martin.
Energy Transition in Motion (Week of March 1, 2024)
2024-03-01 - Here is a look at some of this week’s renewable energy news, including Chevron’s plans for a solar-to-hydrogen facility in California.
Tangled Up in Blue: Few Developers Take FID on Hydrogen Projects
2024-04-03 - SLB, Linde and Energy Impact Partners discuss hydrogen’s future and the role natural gas will play in producing it.
Energy Transition in Motion (Week of Feb. 9, 2024)
2024-02-09 - Here is a look at some of this week’s renewable energy news, including the latest on a direct lithium extraction technology test involving one of the world’s biggest lithium producers and the company behind the technology.