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.

White Rock Oil & Gas LLC retained TenOaks Energy Advisors for the sale of a majority operated working interest portfolio located across five regions of the lower 48—the Permian Basin, Ark-La-Tex, Rockies, Mid-Continent and Michigan. Current net production of 2,263 Boe/d is supported by a shallow base decline of 6% and a strong weighting towards liquids (72%).

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(Source: TenOaks Energy Advisors)

Key considerations:

  • Large, scalable operated platform
    • 32% Permian (CBP) | 30% Rockies | 27% Ark-La-Tex | 7% Mid-Con | 4% Michigan
  • PDP PV10: $125 MM | NTM PDP cash flow: $26 MM | Net Production (PDP): 2,263 Boepd
    • Commodity Mix: 72% liquids
  • Long-lived production base / Strong, stable cash flow
    • 6% PDP decline (predominantly vertical production)
  • Sandbox of upside opportunities in each region
    • Vertical & horizontal new drills, refracs/recompletions, waterflood optimizations/implementations, RTPs, and operational enhancements
  • 100% HBP asset provides development timing flexibility

Bids are due at noon CST on Oct. 24, 2023. For additional information, please visit tenoaksenergyadvisors.com or email B.J. Brandenberger, partner, at bj.brandenberger@tenoaksadvisors.com.  

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