The following information is provided by RedOaks Energy Advisors. 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.
Lake Crystal Energy retained RedOaks Energy Advisors for the sale of certain operated properties in the Midland Basin. The properties include 3,880 net acres located in premier rock, as well as excellent reservoir quality with proven targets including the Fusselman, Spraberry and Wolfcamp A, B, C and D.
Key considerations:
- Opportunity to acquire an operated Midland Basin position with significant existing infrastructure in place
- 3,800 net acres located in Howard and Glasscock Counties
- 26 active producers | 1 injector | 2 active SWDs
- Forecasted January 2023 net production: 385 boe/d (75% Oil)
- NTM PDP net cash flow: $4.5 MM
- PDP PV-10: $12.6 MM
Offers are due at noon CST on Feb. 7. Upon execution of a confidentiality agreement, RedOaks will provide access to the Virtual Data Room, which opens Jan. 4.
For more information visit redoaksenergyadvisors.com or contact Will McDonald, vice president at RedOaks Energy Advisors, at will.mcdonald@redoaksadvisors.com or 214-727-4996.
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