The following information is provided by Sayer Energy Advisors. All inquiries on the following listings should be directed to Sayer Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Outpost Energy has retained Sayer Energy Advisors for a corporate sale process on properties in Alberta.
Opportunity highlights:
- Forecasted average daily sales production net to Outpost from the Properties on a proved developed producing basis for the year ended Dec. 31,2024 is approximately 395 boe/d, consisting of approximately 2.0 MMcf/d of natural gas and 57 bbl/d of oil and natural gas liquids.
- Forecasted operating income net to Outpost on a proved developed producing basis for the year ended December 31, 2024 is approximately $1.4 million.
- The Company has minimal bank debt and positive working capital. As at Dec. 31, 2022, Outpost had total unused Canadian income tax pools of approximately $483,000.
- As of Feb. 3, 2024, Outpost had a deemed net asset value of $6.4 million (deemed assets of $11.1 million and deemed liabilities of $4.8 million), with an LMR ratio of 2.33.
Bids are due April 4 at noon. For complete due diligence, please visit sayeradvisors.com, or email Tom Pavic, president, at TPavic@sayeradvisors.com.
Recommended Reading
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
2024-04-25 - Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones
2024-04-29 - Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
2024-03-13 - TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row-Baker Hughes
2024-04-12 - The oil and gas rig count, an early indicator of future output, fell by three to 617 in the week to April 12, the lowest since November.
Comstock Continues Wildcatting, Drops Two Legacy Haynesville Rigs
2024-02-15 - The operator is dropping two of five rigs in its legacy East Texas and northwestern Louisiana play and continuing two north of Houston.