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.
White Oak Resources IV LLC retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain properties located in South Texas.
The offering comprises a diversified position with operational control of high-quality, conventional gas properties across prolific regions plus low-decline stable production and a proven inventory of upside opportunities. Primary fields include including the South Callaghan Ranch, La Reforma, Mission Valley, Lopez Southeast and Nabors-El Benadito.
Highlights:
- ~22,000 net acres | 100% HBP
- Counties: Webb, Duval, Goliad, Victoria, Starr and Hidalgo
- 188 producing wells
- Projected January 2022 net production: 4.8 MMcfe/d (74% gas)
- Projected Next 12-month PDP cash flow: $3.7 million
- Upside: 60 PDNP cases | Seven PUD locations
Bids are due Dec. 8. The transaction is expected to have a Jan. 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 214-727-4996.
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