The following information is provided by TenOaks Energy Advisors. All inquiries on the following listings should be directed to TenOaks Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Uinta Wax is offering for sale an expansive area in the Uinta Basin. Included in this lot is 65,516 net acres, with a net production of 530 boe/d and a proved developed PV10 of $17 million. Uinta Wax has retained TenOaks Energy Advisors as its exclusive advisor relating to the transaction.
![Uinta Basin TenOaks](/sites/default/files/inline-images/UW%20-%20TenOaks%20Executive%20Summary_Uinta%20Basin%206.7.2023-2.jpg)
Asset Highlights:
- Contiguous footprint features 65,000 net acres in the Uinta Basin (Duchesne County, Utah) with majority operational control
- Stable production base generating strong cash flow
- 530 boe/d | <5% PDP decline (predominantly vertical production)
- Historically undercapitalized asset with a large sandbox of economic upside opportunities
- Immediate growth potential through both horizontal and vertical development
- Self-funding development projects include uphole recompletions and RTPs
- Resource rich leasehold - stratigraphic section consists of a 3,000'+ gross productive interval
- Operators are running a combined 12 rigs across the basin
- Multiple productive zones being exploited
Bids for this lot are due on July 20 at 12:00 p.m. CST. For complete due diligence information on this property, please visit https://tenoaksenergyadvisors.com/ or email B.J. Brandenberger, partner, at bj.brandenberger@tenoaksadvisors.com or Lindsay Sherrer, partner, at lindsay.sherrer@tenoaksadvisors.com.
Recommended Reading
Darbonne: ‘The Dance’ of US Policy Leaving Energy Mid Slip
2024-08-30 - The 1909 Matisse painting known as “The Dance” demonstrates the outcome of one of the U.S.’ pillars falling down.
Analyst: US NGL Market Tightens Links to Crude, NatGas Production
2024-08-30 - A boost in propane and ethane development is tied to the opening of the Matterhorn Pipeline in the Permian, evidence of the increasingly closer link between different sectors of the energy industry.
EDF Renewables Secures Investment in Solar Energy Storage Project
2024-08-30 - Power Sustainable Energy Infrastructure acquired a 50% stake in EDF Renewables North America’s Desert Quartzite Solar+Storage Project in California.
Energy Transition in Motion (Week of Aug. 30, 2024)
2024-08-30 - Here is a look at some of this week’s renewable energy news, including a more than $2 billion hydrogen and atmospheric gases facility in the works.
Australian Shale Wildcatter Tamboran Spuds First 2-Well Beetaloo Pad
2024-08-30 - Tamboran investor Helmerich & Payne is drilling the 2-mile laterals, while fellow investor Liberty Energy has a frac fleet en route to complete the wells, Tamboran Resources reported.