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
Scoop/Stack Operated, Nonop Company Asset Map (Source: TenOaks Energy Advisors LLC)
Scoop/Stack Operated, Nonop Company Asset Map (Source: TenOaks Energy Advisors LLC)

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.

Onshore