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 has retained TenOaks Energy Advisors LLC as its exclusive adviser in connection with its Ark-La-Tex regional exit.

Blackbeard Operating Leasehold Map (Source: TenOaks Energy Advisors)

The majority of the offering is located within the Haynesville/Smackover trend area in Webster and Claiborne parishes in North Louisiana. The sale also includes assets in Columbia County, Ark.

Asset Highlights:

  • Sizeable footprint in the prolific Haynesville/Smackover trend area of North Louisiana
    • Historically undercapitalized asset with significant OGIP
    • 26,000 net acres (99% HBP) | Operational control
  • Strong cash flow and production from stacked, proven horizons
    • Multiple productive pay zones across the position including the Pettit, Smackover B/C and Haynesville Sand
    • Net production: 1,150 boe/d (75% liquids based on revenue) | Shallow annual PDP decline of 8%
    • Annualized 2018 PDP cash flow: $10 million
  • Impactful development opportunities with compelling economics
    • Excellent well control for all target zones
    • >330 quantified vertical and horizontal drilling locations
    • >120 quantified behind-pipe recompletion projects

Bids are due July 24. For information visit or contact B.J. Brandenberger, partner with TenOaks, at 214-420-2323 or Contact Forrest Salge, TenOaks associate, at 214-420-2327 or for a copy of the confidentiality agreement.