Marketed: Sabine Oil & Gas Texas Panhandle Operated Properties
Transaction Type
Sellers
Marketers
Basin
Texas Panhandle
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description
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.
Sabine Oil & Gas Corp. retained TenOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of certain operated properties in the Texas Panhandle with bids due June 27.
Highlights:
- Contiguous Operated position in the Texas Panhandle
- 10,153 gross (6,132 net) acres in Roberts County, Texas (100% HBP)
- Average Operated Working Interest: 59.4% / Net Revenue Interest: 46.1% (Net Revenue Interest/Working Interest: 77.6%)
- Stable Cash Flow and Production
- Projected May 2019 Net Production: about 1,051 barrels of oil equivalent per day (63% Liquids); over 99% operated
- Projected May 2019 Cash Flow: about $433,000 from production and midstream combined
- Owned and Controlled Midstream System with Capacity for Development Program
- 46-mile gathering system - 6-inch and 8-inch (owned 75% by Sabine / 25% Boone Pickens)
- 28 Granite Wash H horizontal locations
Bids are due by noon CST June 27. For information visit tenoaksenergyadvisors.com or contact Forrest Salge, TenOaks associate, at 214-420-2327 or Forrest.Salge@tenoaksadvisors.com.