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.
Weatherly Oil & Gas LLC has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain producing properties and leasehold in East Texas.
The offer includes a producing East Texas asset with horizontal exposure to the resource-rich Shelby Trough, according to TenOaks.
Highlights:
- Deep inventory of proven horizontal projects targeting the Bossier and Haynesville shales;
- 89 horizontal Bossier/Haynesville locations
- 35 horizontal refrack candidates
- Unquantified workover potential exists across asset base
- Leasehold footprint of 24,000 gross (18,000 net) acres
- Recent net daily production of 6.6 million cubic feet equivalent
Bids are due Jan. 23. The virtual data room is scheduled to open Dec. 10.
For information visit tenoaksenergyadvisors.com or contact Jason B. Webb, partner of TenOaks, at Jason.Webb@tenoaksadvisors.com or 214-420-2322.
Recommended Reading
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
2024-02-26 - CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
Patterson-UTI Braces for Activity ‘Pause’ After E&P Consolidations
2024-02-19 - Patterson-UTI saw net income rebound from 2022 and CEO Andy Hendricks says the company is well positioned following a wave of E&P consolidations that may slow activity.
XGS Energy Secures $9.7MM in New Financing
2024-01-23 - XGS Energy's latest funding round will demonstrate the commercial readiness and scalability of its new thermal reach enhancement technology.
Exxon, Chevron Tapping Permian for Output Growth in ‘24
2024-02-02 - Exxon Mobil and Chevron plan to tap West Texas and New Mexico for oil and gas production growth in 2024, the U.S. majors reported in their latest earnings.
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.