Marketed: CPBG Operated Louisiana Properties In Calcasieu Parish
Transaction Type
Sellers
Marketers
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Description
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.
CPBG LLC retained RedOaks Energy Advisors for the sale of its operated properties located in Louisiana’s Calcasieu Parish.
Highlights:
- Proved Developed Producing (PDP) PV-10 Value: $9.05 million (100% oil)
- Projected 2019 net PDP Production: about 130 barrels per day
- Operational Control: Average 100% Working Interest / 77% Net Revenue Interest
- Significant Upside Opportunity:
- 35 quantified behind pipe opportunities (PV-10 Value: $20.99 million)
- Eight quantified proved undeveloped wells (PV-10 Value: $11.8 million)
- Operational optimization
Bids are due May 14. For information visit redoaksenergyadvisors.com or contact David Carter, managing director of RedOaks, at David.Carter@redoaksadvisors.com or 214-420-2334.