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TenOaks Energy Advisors LLC has been retained to assist in a foreclosure process for the sale of a company with assets in Oklahoma’s Scoop and Stack play.
Pursuant to the foreclosure process, Echo Investment Partners LLC is offering for sale 100% of the equity interests of its wholly owned subsidiary, Echo Energy Partners I LLC. The target’s assets include both operated and nonoperated oil and gas properties in the Scoop and Stack play in Oklahoma.
Initial proposals are due Jan. 16. The final public auction will be held at 1 p.m. CST Jan. 30 at Kirkland & Ellis offices, 609 Main Street, Houston, TX 77002.
- 19,989 net acres (op and nonop) in the Scoop / Stack
- About 7,851 net boe/d
- About $3.5 million Monthly Cash Flow
- About $113 million PDP PV-10 Value
- About 60% of PDP hedged through 2020
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