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.
TenOaks Energy Advisors has been retained by Winright Resources in connection with the sale of certain properties located in the Western Anadarko Basin.
Highlights:
- ~13,100 net acres (100% HBP) in the Texas Panhandle
- Sizable production base: 7,341 net Mcfe/d (70% gas)
- PDP PV-10 / NTM OCF: $45.2 million / $10.5 million
- Active farm-out agreement with top-tier operator; two recent completions and two wells scheduled for 2022
- Undeveloped potential includes:
- Horizontal Cleveland / Granite Wash development
- Vertical Morrow / Granite Wash development
- Recompletions / re-fracs across the position
Bids are due at noon CST on April 27. A virtual data room is available.
The transaction will have an effective date of April 1. A purchase and sale agreement signing is targeted by May 20.
For information visit tenoaksenergyadvisors.com or contact Jason Webb at TenOaks Energy Advisors at 214-420-2322 or Jason.Webb@tenoaksadvisors.com.
Recommended Reading
CERAWeek: Exxon Mobil CEO Says Not Trying to Acquire Hess
2024-03-18 - CEO Darren Woods said Exxon Mobil is trying to secure preemption rights over Hess Corp.'s Guyana assets in its dispute with Chevron, not buy the company itself.
Talos Energy Sells CCS Business to TotalEnergies
2024-03-18 - TotalEnergies’ acquisition targets Talos Energy’s Bayou Bend project, and the French company plans to sell off the remainder of Talos’ carbon capture and sequestration portfolio in Texas and Louisiana.
Equinor Brings Solar Plant Online in Brazil
2024-03-08 - Equinor says the Mendubim solar plant will produce 1.2 terawatt hours of power annually.
Matador Bolts On Additional Interest from Advance Energy Partners
2024-02-27 - Matador Resources carved out additional mineral and royalty interests on the acreage it acquired from Advance Energy Partners for $1.6 billion last year.
Permian Activity in ‘Low-to-no-growth’ Mode for First Half
2024-02-22 - After multiple M&A moves in 2023 and continued E&P adherence to capital discipline, Permian Basin service company ProPetro sees the play holding steady.