The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Land and Natural Resource Development Inc. has retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of certain operated, conventional properties in Pickens and Lamar Counties, Ala. The package includes the Black Warrior gathering and processing facility.Operated Conventional Alabama Properties Asset Map (Source: RedOaks Energy Advisors)

Upstream Asset Highlights:

  • 3,681 gross / net acres (100% HBP)
  • Proved Developed Producing (PDP) PV-10 value: $12.6 million
  • Projected 2019 PDP cash flow: $385,000 per month

Midstream Asset Highlights:

  • About 97 miles of pipe
  • Current throughput: about 4.3 million cubic feet per day
  • Refrigeration JT Plant
  • Projected 2019 cash flow: $60,000 per month

Secondary Recovery Upside:

  • Implemented secondary oil recovery (gas injection)
  • 1 million barrels of incremental reserves
  • Probable PV-10 value: $20 million

Bids are due by March 14. For information visit or contact David Carter, managing director of RedOaks, at or 214-420-2334.