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.
Coachman Energy retained TenOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of certain operated assets in Kansas, Nebraska and Colorado.
Asset Highlights:
- Stable Base of Production and Cash Flow
- 410 net boe/d (March 2018) – 99% oil
- 78% operated based on proved PV-10 value
- $530,000 monthly operating cash flow (March 2018)
- Substantial Land Position with Proprietary 3-D Seismic
- 92,000 net acres across Kansas and Nebraska
- 630 square miles of proprietary 3-D seismic in which Coachman (and its predecessors) participated
- 54.4% WI / 45.3% NRI (WI/NRI: 83.3%)
- Waterfloods and Drilling Locations Provide Low Cost, High IRR Projects
- Three existing waterfloods / three additional quantified waterflood opportunities
- 16 identified but unquantified waterflood projects
- Multiple development drilling locations
Bids are due at noon CST July 20. For information visit tenoaksenergyadvisors.com or contact Lindsay Sherrer, TenOaks partner, at lindsay.sherrer@tenoaksadvisors.com or 214-420-2324. For a copy of the CA contact Trey Bonvino, an associate with TenOaks, at trey.bonvino@tenoaksadvisors.com or 214-420-2331.
Recommended Reading
M4E Lithium Closes Funding for Brazilian Lithium Exploration
2024-03-15 - M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.
California Resources Corp. Nominates Christian Kendall to Board of Directors
2024-03-21 - California Resources Corp. has nominated Christian Kendall, former president and CEO of Denbury, to serve on its board.
Jerry Jones Invests Another $100MM in Comstock Resources
2024-03-20 - Dallas Cowboys owner and Comstock Resources majority shareholder Jerry Jones is investing another $100 million in the company.
Cardinal Energy Declares April Dividend
2024-04-11 - Canadian oil and gas company Cardinal Energy Ltd. will pay a CA$0.06 (US$0.044) per common share dividend.