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.
Hibernia Resources III LLC has retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain operated wellbore only properties located in the Midland Basin.
Key Considerations:
- Opportunity to acquire low-decline wellbore only operations across Upton and Reagan counties
- 54 active producers (average working interest: 86.3% net revenue interest: 64.5%)
- Forecasted May 2022 net production: 503 boe/d (67% liquids)
- Forecasted NTM PDP net cash flow: $7 million
- PDP PV-10: $24.4 million
- 27 RTP cases | Numerous wells with behind pipe potential
Bids are due May 17. A virtual data room is available. The transaction effective date is May 1.
For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.
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