Petro Harvester Oil & Gas LLC is selling certain operated properties in the Central Louisiana Wilcox play through an offering handled by advisory firm TenOaks Energy Advisors LLC.

The offer comprises roughly 7,000 net acres in legacy fields including the Reddell, Pine Prairie, Port Barre, Mamou/Beacon’s Gully, Iberia and Leleux fields. The assets, which have a monthly net cash flow of $1.3 million, are located in Evangeline, St. Landry, Vermilion and Iberia parishes, La.


  • 9,268 gross (7,019 net) acres (100% HBP);
    • Operational control with ownership interests;
  • Net production of 1,900 barrels of oil equivalent per day from 71 wells (50% oil), TenOaks said in early November;
    • Stacked targets from the Cook Mountain to the resource-rich Wilcox sands;
      • About 3,000 feet of total Wilcox section in Pine Prairie/Reddell fields;
  • Net cash flow of $1.3 million per month ($15.6 million annualized), TenOaks said in November;
  • High netbacks with premium pricing and low lifting costs, according to TenOaks;
  • Total proved reserves-to-production ration of about 16 years (assuming projected 2018 average net daily production); and
  • Internal rate of return of 25% to more than 100%.

Offers are due by Dec. 14. For information visit or contact TenOaks’ B.J. Brandenberger at 214-420-2323.