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.
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 tenoaksenergyadvisors.com or contact B.J. Brandenberger, partner with TenOaks, at 214-420-2323 or bj.brandenberger@tenoaksadvisors.com. Contact Forrest Salge, TenOaks associate, at 214-420-2327 or forrest.salge@tenoaksadvisors.com for a copy of the confidentiality agreement.
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