The following information is provided by Energy Advisors Group Inc. (EAG), formerly PLS Divestment Services. All inquiries on the following listings should be directed to EAG. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

A private seller in California is looking to exit the oil and gas business and monetize its holdings. The operations cash flow $75,000 per month off of 60 to 80 barrels per day (bbl/d) of oil production.

The field(s) are underexploited and have enough critical mass to offer a buyer a platform for growth or new core are, according to Energy Advisors Group Inc. (EAG) which was retained to market the assets for the seller. The fields are well maintained with all wells producing.

Potential purchasers initiating a confidentiality agreement will be offered a chance to see the production and accounting information. As a private company the sale of these assets is to remain confidential, EAG said.

The seller is prepared to consider a variety of offers based on current market metrics.

Highlights:

  • California Assets For Sale
  • Less Than 70 Wells. Solid Disposal.
  • Private Company Selling Out
  • Shallow less than 4,000 ft
  • Heavy Crude. Between 15-20 degrees
  • 100% Operated Working Interest; Average about 86% Net Revenue Interest
  • Gross Production: 60-80 bbl/d of Oil
  • Six-Month Average Net Cash Flow: about $75,000 per Month
  • Underexploited.
  • Need Confidentiality Agreement
  • Qualified Buyer Only
Marketed: Underexploited California Assets For Sale

Click here to view the online data room or visit energyadvisors.com/deals to view our other 30-plus assignments. For more information, contact David Kessler, A&D director with EAG, at dkessler@energyadvisors.com or 713-600-0123.

Onshore