The following information is provided by TenOaks Energy Advisors. All inquiries on the following listings should be directed to TenOaks Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
KJ Energy LLC has retained TenOaks Energy Advisors for the sale of its operated portfolio located in East Texas. The package includes a current production net rate of 52 MMcfe/d.
Opportunity highlights:
• Majority HBP position in the heart of the prolific horizontal Cotton Valley Trend in East Texas
• Largely mature production base with a current net rate of 52 MMcfe/d (75% gas)
- PDP PV10: $123MM
- NTM PDP cash flow: $27MM
• Upside features >185 horizontal drilling locations targeting multiple zones with attractive economics (~50% IRR at current strip)
- Acreage footprint ideal for facilitating long lateral development
• Ample infrastructure and takeaway capacity in place to accommodate substantial growth
Bids are due April 18 at noon CST. For complete due diligence, please visit tenoaksenergyadvisors.com or email B.J. Brandenberger, partner, at bj.brandenberger@tenoaksadvisors.com or Lindsay Sherrer, partner, at Lindsay.sherrer@tenoaksadvisors.com.
Recommended Reading
AI—Midstream’s New Tool to Play Offense
2025-05-15 - AI has a growing role as a midstream monitoring tool amongst companies in the sector.
Drones Proving to be More than Just a Toy in Chevron Operations
2025-04-22 - Chevron Corp. has partnered with drone maker and operator Percepto to get a better look at its operations in two U.S. basins.
Tech Gains Show Up in Emissions Reductions, Midstream Efficiency
2025-04-23 - Midstream giants Williams and Enbridge have deployed better equipment and AI to ensure more fuel gets to where it’s supposed to go.
M&A Target BPX Boasts Long-Term Eagle Ford Plans
2025-05-30 - BP’s onshore U.S. shale subsidiary is under the M&A magnifying glass as it boasts ‘great returns’ in fields in South Texas.
Get a Lift: Baker Hughes Innovates ESPs with AI, Physics Modeling
2025-05-13 - The Leucipa ESP Optimizer was recognized with the Spotlight on New Technology award at the Offshore Technology Conference.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.