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.
Blackbeard Operating LLC retained TenOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of its operated properties in South Texas as part of a regional exit.
Highlights:
- High-quality, conventional gas properties in coveted South Texas fields
- 80,047 net acres | 100% HBP
- Net production: 18.221 MMcfe/d
- Mature, low-decline production profile
- Key productive formations: Wilcox, Queen City, Vicksburg and Ellenberger
- Upside includes operational improvements/lease operating expense reduction efforts, recompletions and re-stim work
Bids are due by noon CT Aug. 4. A virtual data room is available. TenOaks estimates the purchase and sales agreement signing for Aug. 25.
For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 214-420-2327 or Forrest.Salge@tenoaksadvisors.com.
Recommended Reading
Expand Energy: Chesapeake’s Bankruptcy to Largest Gas Producer in US
2024-11-08 - Before Expand Energy could boast itself as the largest by volume natural gas-weighted E&P in the U.S., its predecessor Chesapeake Energy had to climb out of bankruptcy.
Equinor to Acquire Sval Energi’s Stake in the Halten East Project
2024-11-07 - Equinor now holds 69.5% ownership in the development, which consists of six gas discoveries and three prospects.
Exclusive: How Vital, NOG Aligned Interests Across Multiple Asset Acquisitions
2024-11-06 - Vital Energy CEO Jason Pigott discusses the company’s relationship with Northern Oil and Gas, including transactions across different assets from Forge and Point Energy, and Vital’s priorities going forward, in this Hart Energy Exclusive interview.
Exclusive: ‘Later Innings’ for Energy M&A: Consolidator View Slows Deals
2024-11-05 - John Fossum, managing director at Petrie Partners, delves into the slowing pace of mergers amid companies vying for consolidator status and approaches companies are taking to generate cash, in this Hart Energy Exclusive interview.
Topaz Completes Acquisition of Canadian Royalty Interests from Tourmaline
2024-11-05 - Topaz Energy’s deal to acquire royalty interests from Tourmaline Oil spans across approximately 3 million acres in Western Canada, with over half of the acquired land undeveloped.