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.

Tokyo Gas America Ltd. retained TenOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of its nonoperated working interest properties in the Barnett Shale.


  • Legacy Barnett position spanning 23,000 net acres (100% HBP)
  • Stable, low-decline production: 30 MMcfe/d net (70% gas | 30% liquids)
  • Next 12-month PDP cash flow: $6.5 million
  • PDP PV-10: $24.1 million
  • Third-party (NSAI) engineering available
  • Largely operated by Blackbeard Operating (a portfolio company of NGP)
  • Upside includes further LOE optimization efforts, recompletion opportunities, commodity price improvements, and future drilling (ability to propose development per JOAs)
Marketed: Tokyo Gas Nonop Barnett Shale Properties

Bids are due at noon CST Feb. 11. A virtual data room is available. For information visit or contact Trey Bonvino at TenOaks Energy Advisors at 214-420-2331 or