The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Summit Discovery Resources LLC retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of operated Eagle Ford assets in Karnes County, Texas.
Highlights:
- Operational control: 100% Working Interest | 77% Net Revenue Interest
- 624 gross acres (100% HBP) in Karnes County, Texas
- Six PDP Eagle Ford wells
- Current net production: 376 boe/d (91% oil)
- Next 12-month PDP cash flow: $2.4 million
- Owner operated gathering lines across the position
- Upside potential:
- Five Eagle Ford PUDs (Three wells permitted with pad built)
- One Austin Chalk PSI
Bids are due Oct. 20. A virtual data room is available.
For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.
Recommended Reading
Thanks to New Technologies Group, CNX Records 16th Consecutive Quarter of FCF
2024-01-26 - Despite exiting Adams Fork Project, CNX Resources expects 2024 to yield even greater cash flow.
Cheniere Energy Declares Quarterly Cash Dividend, Distribution
2024-01-26 - Cheniere’s quarterly cash dividend is payable on Feb. 23 to shareholders of record by Feb. 6.
Marathon Petroleum Sets 2024 Capex at $1.25 Billion
2024-01-30 - Marathon Petroleum Corp. eyes standalone capex at $1.25 billion in 2024, down 10% compared to $1.4 billion in 2023 as it focuses on cost reduction and margin enhancement projects.
Humble Midstream II, Quantum Capital Form Partnership for Infrastructure Projects
2024-01-30 - Humble Midstream II Partners and Quantum Capital Group’s partnership will promote a focus on energy transition infrastructure.
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.