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.
FDL Operating LLC, an affiliate of Fleur de Lis Energy LLC, has retained TenOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of certain operated gas properties in Southern Mississippi.
Opportunity Highlights:
Sizeable Footprint with Operational Control
- 35,114 gross / 27,680 net acres across three operated fields
- 100% HBP position with high working and net revenue interests (98% / 77%)
Consistent Cash Flow from Shallow Decline Gas Production
- Net production of 8.9 MMcfe/d (99% gas)
- FTM PDP Cash Flow: $4.6 MM
Numerous Development Opportunities
- Near-term production growth through refracks and operational upside
- Well-positioned to capitalize on Selma Chalk horizontal potential
Bids are due at noon on April 25. The virtual data room is available from March 21 to April 25.
For information visit tenoaksenergyadvisors.com or contact Jason B. Webb, TenOaks partner, at 214-420-2322.
Recommended Reading
NOG Closes Utica Shale, Delaware Basin Acquisitions
2024-02-05 - Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
Vital Energy Again Ups Interest in Acquired Permian Assets
2024-02-06 - Vital Energy added even more working interests in Permian Basin assets acquired from Henry Energy LP last year at a purchase price discounted versus recent deals, an analyst said.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
2024-02-07 - The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
DXP Enterprises Buys Water Service Company Kappe Associates
2024-02-06 - DXP Enterprise’s purchase of Kappe, a water and wastewater company, adds scale to DXP’s national water management profile.
Tellurian Exploring Sale of Upstream Haynesville Shale Assets
2024-02-06 - Tellurian, which in November raised doubts about its ability to continue as a going concern, said cash from a divestiture would be used to pay off debt and finance the company’s Driftwood LNG project.