The following information is provided by Energy Advisors Group (EAG). All inquiries on the following listings should be directed to EAG. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Energy Advisors Group has been retained by Oakridge Oil and Gas LP to market for sale two distinct operated working interest packages (Production Package and a Waterflood Package) situated in the prolific North Texas Fort Worth Basin.
Bids for both packages are due in early April. For more information about either of the Oakridge offerings, email co-project leads Rich Martin, EAG director, at rmartin@energyadvisors.com, or Rene McKale, EAG managing director, at rmckale@energyadvisors.com.
Click here to access the data rooms and download the confidentiality agreement.
The first package (Production) offers an attractive opportunity to acquire:
Assets:
- 3,300 boe/d Gross Production (60% Liquids. Rich Gas – 1,250 MMBtu/Mcf)
- > $24 million/Year of Net Operating Income
- PDP PV-10 of $130 million
- 47,270 net acres located primarily in Jack County, Texas (94% HBP)
- Controlling position 100% Operated WI & 76% NRI
- 246 active wells and 15 SWD’s (Real Estate, Yards, Warehouse, Office)
- Multiple Proven Benches: Marble Falls, Caddo, Buttram, Strawn and Barnett Shale
- 300+ low risk, high return behind pipe opportunities
- Opportunity for decades of development
Process Details:
- Confidentiality Agreement is available for review and execution
- Virtual Data Room is now live on the EAG website
- Bids Due Early April
The second package (Waterflood):
Assets:
- Proven Waterflood Development in the Worsham-Steed Field Unit
- Stephens Engineering Waterflood Study (December 2021)
- 5.4 million barrels of Proved Oil Reserves
- PDP PV-10 of $9.5 million
- 5,750 net acres situated in Jack County, Texas (100% HBP)
- Controlling position 100% Operated Working Interest and 75% Net Revenue Interest
- 150 boe/d Gross Production from eight active wells (60% Liquids)
- $2.1 million/Year of Net Operating Income
Process Details:
- Confidentiality Agreement is available for review and execution
- Virtual Data Room is now live on the EAG website
- Bids Due Early April
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