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.

Eagle Oil & Gas Co. retained RedOaks Energy Advisors LLC as the exclusive adviser in connection with the sale of certain East Texas properties.

Highlights:

  • ~13,000 net acres (Henderson and Anderson counties, Texas)
  • PDP PV-10: $10.3 million
  • Net production: 422 boe/d (40% liquids)
    • Primary formation: Rodessa
  • Next 12 Months PDP cash flow (projected): $3.0 million (73% liquids)
  • Low lifting costs: $9/boe
  • Company-owned infrastructure supports economic field development
RedOaks Energy Advisors Marketed Map - Eagle Oil and Gas East Texas Operated Divestiture
(Source: RedOaks Energy Advisors LLC)

Bids are due June 3. The transaction is expected to have a May 1 effective date.

A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.

Onshore