The following information is provided by TenOaks Energy Advisors. All inquiries on the following listings should be directed to TenOaks Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
KJ Energy LLC has retained TenOaks Energy Advisors for the sale of its operated portfolio located in East Texas. The package includes a current production net rate of 52 MMcfe/d.
Opportunity highlights:
• Majority HBP position in the heart of the prolific horizontal Cotton Valley Trend in East Texas
• Largely mature production base with a current net rate of 52 MMcfe/d (75% gas)
- PDP PV10: $123MM
- NTM PDP cash flow: $27MM
• Upside features >185 horizontal drilling locations targeting multiple zones with attractive economics (~50% IRR at current strip)
- Acreage footprint ideal for facilitating long lateral development
• Ample infrastructure and takeaway capacity in place to accommodate substantial growth
Bids are due April 18 at noon CST. For complete due diligence, please visit tenoaksenergyadvisors.com or email B.J. Brandenberger, partner, at bj.brandenberger@tenoaksadvisors.com or Lindsay Sherrer, partner, at Lindsay.sherrer@tenoaksadvisors.com.
Recommended Reading
Triangle Energy, JV Set to Drill in North Perth Basin
2024-04-18 - The Booth-1 prospect is planned to be the first well in the joint venture’s —Triangle Energy, Strike Energy and New Zealand Oil and Gas — upcoming drilling campaign.
TotalEnergies Cements Oman Partnership with Marsa LNG Project
2024-04-22 - Marsa LNG is expected to start production by first quarter 2028 with TotalEnergies holding 80% interest in the project and Oman National Oil Co. holding 20%.
TotalEnergies to Acquire Remaining 50% of SapuraOMV
2024-04-22 - TotalEnergies is acquiring the remaining 50% interest of upstream gas operator SapuraOMV, bringing the French company's tab to more than $1.4 billion.
EIG’s MidOcean Closes Purchase of 20% Stake in Peru LNG
2024-04-23 - MidOcean Energy’s deal for SK Earthon’s Peru LNG follows a March deal to purchase Tokyo Gas’ LNG interests in Australia.
Phoenix Capital Group Acquires Uinta Basin Royalty Interests
2024-04-29 - Phoenix Capital Group’s acquisition of 1,500 net royalty acres in Duchesne County, Utah, brings the company's investment in the Uinta Basin to more than $60 million, the company said.