Toledo Energy Partners
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.
Asset Highlights:
- 1,238 Net Royalty Acres (Reeves and Ward Counties)
- Operated by Concho and Noble (two rigs running on Toledo’s position)
- 17 producing horizontals / strong development track record with 13 spuds on the position over the last 12 months
- Significant near-term cash flow growth from 12 DUCs and four permits
- Continuous development provisions in most of the leases will drive consistent cash flow generation
Offers are due Oct. 4. The transaction is expected to have an effective date of Sept. 1 with a purchase and sale agreement signed by Oct. 23.
Contact Forrest Salge at forrest.salge@tenoaksadvisors.com for a copy of the confidentiality agreement.
For more information visit tenoaksadvisors.com or contact B.J. Brandenberger, partner of TenOaks, at bj.brandenberger@tenoaksadvisors.com or 214-420-2323.