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.
PetroBal Omega 1 LLC retained RedOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of certain Fort Worth Basin properties.
Highlights:
- 52,434 net acres (100% operated | 78% HBP)
- Jack and Palo Pinto counties
- PDP PV-10: $9.6 million
- Net production: 978 boe/d (51% liquids)
- Next 12 months PDP cash flow (projected): $2.3 million
- Significant upside potential
- 192 quantified behind pipe opportunities
- 897 drilling locations
- Formation targets including: Barnett, Strawn, Marble Falls, Conglomerate and Caddo
- Company-owned infrastructure supports economic field development
- 19 saltwater disposal wells
- 145+ miles of flowlines and pipelines
Bids are due April 22. The transaction is expected to have an April 1 effective date. A virtual data room is available.
For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.
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