The following information is provided by Greenhill and Co. LLC. All inquiries on the following listings should be directed to Greenhill. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Navitas Petroleum Onshore LLC has engaged Greenhill and Co. LLC as its financial adviser for the sale of its nonoperated properties in Webster, Thompson, Manvel and East Hastings Fields in Texas.

Key Asset Highlights:

  • Approximately 50% working interest (approximately 39% net revenue interest) across four core Gulf Coast Fields operated by Denbury
  • Located in Brazoria, Fort Bend and Harris counties, Texas
  • 2022E net production of approximately 1,700 boe/d (>95% oil); 2022E Operating Cash Flow of $41 million
  • Long-lived, resilient fields with approximately 8% annual exponential decline
  • Successful, proven Frio Sand horizontal development with strong well economics
  • Denbury maintains an active recompletion and horizontal drilling program with plans to further increase activity
  • Near-term line of sight to production growth with approximately seven gross horizontal wells expected to be TIL’d in 2022
Greenhill and Co Marketed Map - Navitas Petroleum Gulf Coast Nonoperated Properties
(Source: Greenhill and Co. LLC)

The virtual data room opened on May 16. Bids along with a preliminary markup of purchase and sale agreement are due before 5 p.m. CST on June 23. For information contact Thomas Deskin at