The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Roxo Energy has retained TenOaks Energy Advisors as its exclusive advisor in connection with the sale of certain operated, conventional Permian Basin properties.
Highlights:
- Prolific conventional asset located in the heart of the Midland Basin (Howard County)
- 3,418 net acres (100% HBP) | High lease Net Revenue Interest | Operational control
- PDP PV-10: $36 million | Next 12-month PDP cash flow: $7 million
- Net production: 280 boe/d (>90% oil) | Flat production profile despite minimal capital investment
- Low-cost, high-impact opportunities to immediately enhance production and grow cash flow
Bids are due at noon CST on April 21. The transaction effective date is April 1.
A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact Trey Bonvino at TenOaks Energy Advisors at 817-233-4096 or Trey.Bonvino@tenoaksadvisors.com.
Recommended Reading
US Oil, Gas Rig Count Rises to Highest Since September: Baker Hughes
2024-03-01 - The U.S. oil and natural gas rig count is at its highest since September 2023.
US Drillers Add Most Oil Rigs in a Week Since November
2024-02-23 - The oil and gas rig count rose by five to 626 in the week to Feb. 23
US Drillers Cut Oil, Gas Rigs for First Time in Three Weeks
2024-02-02 - Baker Hughes said U.S. oil rigs held steady at 499 this week, while gas rigs fell by two to 117.
US Drillers Cut Oil, Gas Rigs for Second Time in Three Weeks
2024-02-16 - Baker Hughes said U.S. oil rigs fell two to 497 this week, while gas rigs were unchanged at 121.
US Gas Rig Count Falls to Lowest Since January 2022
2024-03-22 - The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to March 22.