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.
Pacesetter Energy Permian Basin LLC retained TenOaks Energy Advisors LLC for the sale of operated horizontal San Andres properties located in Andrews County, Texas.
Highlights:
- Core Footprint in the Heart of the Andrews County Horizontal San Andres Play
- 5,000 gross operated acres / 4,134 net acres
- Average 72.5% Working Interest / 56.5% Net Revenue Interest (NRI/WI = 78%) for Proved Developed Producing (PDP)
- Average 95% Working Interest / 71.3% Net Revenue Interest for Proved Undeveloped (PUD) locations
- Recent Net Production: 393 barrels of oil equivalent per day (boe/d)
- June 2019 PDP Projected Cash Flow: about $609,000
- Proven Upside Opportunities
- 12 horizontal PUD locations with an average interval rate of return of 116%
- Typical well can be drilled in nine days
- Owned saltwater disposal and other infrastructure provide development flexibility
- 12 horizontal PUD locations with an average interval rate of return of 116%
Bids are due May 31. For information visit tenoaksenergyadvisors.com or contact Forrest Salge, TenOaks associate, at 214-420-2322 or Forrest.Salge@tenoaksadvisors.com.
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