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.
Pedernales Petroleum has retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain operated and nonoperated properties located in East Texas and northern Louisiana.
Highlights:
- 40,655 gross (25,929 net) acres (100% HBP)
- Position focused primarily in Panola, Rusk and Red River counties/parishes
- Forecasted March 2022 net production: 2.8 MMcfe/d (84% gas)
- Forecasted next 12-month PDP net cash flow: $2.8 million
- PDP PV-10: $10.2 million (67% operated)
- 48 quantified behind pipe projects: PV-10 $2.4 million
Bids are due March 16. The transaction is expected to have an effective date of March 1.
A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.