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.

Pintail Oil and Gas LLC retained TenOaks Energy Advisors for the sale of its producing properties in South Texas and Louisiana through an offering closing Oct. 18.

The offering includes operated, HBP producing properties in established fields located in Nueces and Victoria counties, Texas, and Beauregard and Calcasieu parishes, La.

Highlights: 

  • Oil-weighted, HBP asset in legacy fields with operational control
  • High ownership interests (98% Working Interest / 74% Net Revenue Interest)
  • 614 net barrels of oil equivalent per day (99% liquids)
  • $5.2 million annualized net cash flow
  • Undercapitalized asset with behind-pipe, operational and production enhancement projects
  • Option to acquire all assets or by state:
    • Louisiana: DeQuincy Area (Beauregard and Calcasieu Parishes)
    • Texas: Salem, Karen, Minnie Bock Fields (Victoria and Nueces Counties)
Pintail Oil & Gas Operated Louisiana, South Texas Property Asset Map (Source: TenOaks Energy Advisors)

Bids are due by noon CST Oct. 18. The virtual data room will be available beginning Sept. 20.

For information visit tenoaksenergyadvisors.com or contact Trey Bonvino, TenOaks associate, at 214-420-2331 or Trey.Bonvino@tenoaksadvisors.com.

Onshore