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.
Clearly Petroleum LLC retained TenOaks Energy Advisors as the exclusive adviser in connection with the sale of its operated, conventional oil properties across three packages: Permian Basin, North Texas and South Texas/Gulf Coast.
According to TenOaks, Clearly Petroleum will entertain offers for the entire asset as well as individual packages.
Highlights:
- High-quality, conventional oil properties in coveted fields
- Recent net production of 1,516 boe/d (79% oil)
- Projected February 2020 PDP cash flow: $620,000 ($7.44 million annualized)
- 25,667 net acres | 99% HBP | Operational control with high ownership interests
Upside:
- Waterflood expansion and optimization projects
- Inventory of low-cost infill drilling and field expansion opportunities
- Several low-risk projects including recompletions and additional re-stim work
Bids are due at noon CST March 5. A virtual data room will be available starting Feb. 3.
For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 214-420-2327 or Forrest.Salge@tenoaksadvisors.com.
Recommended Reading
For Sale? Trans Mountain Pipeline Tentatively on the Market
2024-04-22 - Politics and tariffs may delay ownership transfer of the Trans Mountain Pipeline, which the Canadian government spent CA$34 billion to build.
Energy Transfer Announces Cash Distribution on Series I Units
2024-04-22 - Energy Transfer’s distribution will be payable May 15 to Series I unitholders of record by May 1.
Balticconnector Gas Pipeline Back in Operation After Damage
2024-04-22 - The Balticconnector subsea gas link between Estonia and Finland was severely damaged in October, hurting energy security and raising alarm bells in the wider region.
Wayangankar: Golden Era for US Natural Gas Storage – Version 2.0
2024-04-19 - While the current resurgence in gas storage is reminiscent of the 2000s —an era that saw ~400 Bcf of storage capacity additions — the market drivers providing the tailwinds today are drastically different from that cycle.