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.
Sabine Oil & Gas LLC retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain East Texas properties.
Highlights:
- 37,649 gross / 31,430 net acres (98% HBP)
- Cherokee, Leon, Harrison and Marion counties
- PDP PV-10: $9.6 million
- Net production: 6,221 Mcfe/d (83% gas)
- 2021 PDP cash flow (projected): $2 million
- Significant upside potential
- 40 quantified recompletion opportunities (PDNP PV-10: $9.6 million)
- 29 quantified horizontal Cotton Valley PUDs
- Formation targets including: Cotton Valley, Rodessa, Pettit, Travis Peak
- Operational efficiencies and third party revenues from company owned gathering system (126 miles)
Bids are due March 3. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.
Recommended Reading
OTC: SLB Exec Says Goal is to Expand Production, Lower Emissions
2024-05-06 - Despite rapidly expanding global renewables capacity, oil and gas products will still supply around half of global energy demand by 2040, an SLB executive said during the 2024 Offshore Technology Conference.
CERAWeek: US Aims to Return Emergency Oil Reserve to Prior Levels by Year-end
2024-03-18 - The U.S. is replenishing the SPR, which currently holds about 362 MMbbl, down from 638 MMbbl three years ago before the sale of a record amount of crude.
CERAWeek: BP Could Sanction GoM’s Kaskida this Year, CEO Says
2024-03-21 - BP Plc is eyeing the sanction of its Kaskida deepwater project in the Gulf of Mexico in 2024, the company’s CEO Murray Auchincloss said during CERAWeek by S&P Global.
Exclusive: TES CEO Sees Electric Natural Gas as a Trillion Dollar Market
2024-03-26 - Marco Alverà, the co-founder and CEO of TES, details how electric natural gas from green hydrogen is a cheaper and easier to produce fuel and shares insight on its e-NG partnership with TotalEnergies, in this Hart Energy Exclusive.
Gas Executives: US Pipe Dreams ‘Not Dead,’ but Challenging
2024-03-27 - Regulators could pivot as “market signals that may come may be worse than regulators are looking for,” Sempra Infrastructure’s president of LNG said.