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.
TenOaks Energy Advisors LLC has been retained to assist in the potential sale of 100% of the equity of an undisclosed company whose primary assets include operated and nonoperated properties in the Scoop and Stack play in Oklahoma.
Highlights
- About 20,000 net acres
- About 8,000 net barrels of oil equivalent per day
- Roughly $43 million in operating cash flow (annualized last six months)
- 60% of proved developed producing (PDP) hedged through 2020
- 10 high interval rate of return operated drilled but uncompleted wells (DUCs) provide near term upside
- Nonop activity includes 82 DUCs / 29 permits primarily in the Springboard area of Grady County
- Well-capitalized, respected operators (Continental Resources Inc. / Encana Corp.) actively developing the nonop properties
Bids are due by noon CST Jan. 16. A virtual data room will be available beginning Dec. 19. For information visit tenoaksenergyadvisors.com or contact Forrest Salge, TenOaks vice president, at 214-420-2327 or Forres.Salge@tenoaksadvisors.com.
Recommended Reading
What's Affecting Oil Prices This Week? (Feb. 6, 2023)
2023-02-06 - Stratas Advisors maintained the view that Brent crude futures will remain in the $80/bbl to $90/bbl range following OPEC+'s Joint Ministerial Monitoring Committee meeting on Feb. 1.
ICE to Open London Gas Hub, Creating Route Around EU Price Cap
2023-01-27 - The London market would not be subject to the EU's gas price cap and will provide an option against possible trading prevention and risk exposure.
US Natgas Futures Jump 6% on Colder Forecasts for Late December
2022-12-09 - Colder weather sweeping across the U.S. is leading the country's natural gas futures to increase to a one-week high as of Dec. 9.
Europe Gas Prices Fall as Wind Set to Pick Up, Temperatures Rise
2023-02-08 - Higher wind output typically reduces demand for gas from power plants.
European Prices Mostly Higher on Colder Weather, Low LNG Send-out
2023-01-09 - British and Dutch prompt wholesale gas prices mostly rose on Monday morning, amid forecasts of colder weather and lower LNG send-out in Britain due to high wind speeds.