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.
Callon Petroleum Operating Co. retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its nonoperated working interest portfolio in the Permian Basin and Eagle Ford.
Highlights:
- HBP Leasehold in Tier 1 Rock in the Delaware Basin, Midland Basin and Eagle Ford
- 1,365 net boe/d from 154 horizontal wells provides solid cash flow base
- 1,200 net boe/d (Permian Basin)
- 165 net boe/d (Eagle Ford)
- PDP + DUC + Permit PV-10: $31.4 million (96% PDP)
- Sizeable inventory of future locations in multiple proven formations
- Self-funding Development pace provides capital flexibility
- 1,365 net boe/d from 154 horizontal wells provides solid cash flow base
- Partnered with High Quality Operators
- Key Operators include Concho Resources Inc., Diamondback Energy Inc., Apache Corp., SM Energy Co., Parsley Energy Inc., PDC Energy Inc. and EOG Resources Inc.
- Primary operators are currently running 12 rigs in the Delaware Basin and have continued to develop their leasehold despite commodity price environment
Bids are due by noon CT Aug. 18. A virtual data room will be available starting July 17.
The transaction is expected to have a Sept. 1 effective date with a purchase and sales agreement signing estimated by Sept. 8.
For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 214-420-2327 or Forrest.Salge@tenoaksadvisors.com.
Recommended Reading
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
OFS Sector Loses Jobs, but Trade Org Says Growth Potential Remains
2024-05-08 - According to analysis by the Energy Workforce & Technology Council, the OFS job market may still have potential for growth despite a slight decrease in the sector in April.
Dividends Declared in the Week of May 6
2024-05-10 - Here is a selection of upstream, midstream and service and supply companies’ dividends declared in the past week.
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.