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.
Team Operating has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain operated properties located in the Powder River Basin.
Highlights:
- ~8,800 net acres (100% HBP) across 10 fields in Wyoming’s Campbell County
- Next 12-month PDP operating cash flow: $8.8 million / PDP PV-10: $41.8 million
- Strong net operating cash margins (~70%) and low lifting costs (~$11.00 / bbl) generates abundant monthly cash flow
- December 2021 net production: ~550 boe/d (100% Oil)
- Low well count: 32 producers / 13 injectors / 4 WSW (no P&A obligations)
- Shallow, well-established production profile:
- ~7% historical decline | PDP R/P: ~16 years
- 100% operational control across the entire asset base provides development flexibility
Bids are due at noon CST on Feb. 23. The transaction is expected to have an effective date of May 1 with a purchase and sale agreement signing targeted by March 11.
A virtual data room will be available starting Jan. 19. For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 817-233-4096 or Forrest.Salge@tenoaksadvisors.com.
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