Friends and Colleagues - The year in oil & gas was a bit like the Yogi Berra quote, "You can observe a lot just by watching." Significant downward commodity price swings from late 2022 led to a very slow start to middle-market A&D to kick off 2023. Not exactly the start many of us were hoping for! However, the ever-resilient “passive” strategies (minerals and non-op) showed great strength and lifted tides for TenOaks and RedOaks throughout 2023. Minerals as an asset class continued to draw capital from a variety of places and opportunistic exits from savvy teams seemed to lead to imminent fundraising for the next vehicle. We love seeing this segment develop and having a front row seat to the amazing results the asset class has generated through varied market cycles. The non-op working interest market continues to be in full swing with both public and institutional players playing key roles. Capital is prevalent and creating viable exit opportunities for well-balanced non-op portfolios with compelling growth potential, non-op wellbore-only PDP packages, and simple AFE purchases. The operated property market was alive and well in the second half of the year, however, one area that was strong out of the gate in '23 was the Corporate deal market. Public E&Ps were very much open for business, as we saw significant combinations, acquisitions, and interest in deal-making at a pace that did not let up all year. For 2023, Corporate deals totaled approximately $165B, accounting for 85% of total M&A in the E&P space. This was certainly helped by the strong returns seen in 2022 for energy equities and a result of their thirst for scale and a desire to control the remaining Tier 1 inventory in the U.S. ■ TenOaks is proud to have launched our Renewables & Sustainability practice in 2023 ■ TenOaks/RedOaks announces another banner year in 2023 with $1.4B in upstream sell-side transactions
About us
TenOaks Energy Advisors, LLC provides independent, best-in-class Divestitures, M&A and Capital Raising advisory services to energy companies in the Oil and Gas and Renewable/Sustainability sectors. TenOaks & RedOaks have closed over 300+ transactions with aggregate consideration exceeding $6 billion. The TenOaks mission is to help clients realize their transaction goals through flawless execution while maintaining an unprecedented level of integrity and service. Our belief that relationships and trust lead to results is put into practice each and every day. We understand that every mandate requires a hands-on, customized approach. Our balance of financial, technical, market intelligence and transactional experience allows us to consistently maximize value for our clients.
- Website
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http://tenoaksenergyadvisors.com/
External link for TenOaks Energy Advisors
- Industry
- Oil and Gas
- Company size
- 11-50 employees
- Headquarters
- Addison, Texas
- Type
- Partnership
- Founded
- 2015
- Specialties
- Investment Banking, Advisory, Sell-side , Capital Raising, Upstream, and Renewables
Locations
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Primary
15601 Dallas Pkwy
Addison, Texas 75001, US
Employees at TenOaks Energy Advisors
Updates
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TenOaks Energy Advisors reposted this
TenOaks Energy Advisors is proud to announce Hunt Energy has successfully closed on the sale of their Midland & Delaware Basin mineral portfolio. Since 2023, TenOaks has advised on or is currently advising on ~50k NRA of Permian minerals & royalties across 10 mandates.
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TenOaks Energy Advisors is proud to announce Hunt Energy has successfully closed on the sale of their Midland & Delaware Basin mineral portfolio. Since 2023, TenOaks has advised on or is currently advising on ~50k NRA of Permian minerals & royalties across 10 mandates.
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TenOaks Energy Advisors reposted this
**The Drillers and Dealers Event is this Monday!** On behalf of Oklahoma Children's Hospital OU Health, we extend a sincere thank you to all of the generous sponsors who make this event possible. Your support is invaluable, and we are grateful for your commitment to our cause. We are proud to have sponsors from all sectors of the industry, including Operators, Non-Operators, Midstream, Minerals, OFS, A&D Advisory, Private Equity, Banking, Legal, Land Services, Gas Marketing, Energy Insurance, Energy Industry Recruiting, Reserves, Accounting, Audit & Tax, and more.
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TenOaks Energy Advisors reposted this
Join us on June 3rd in Oklahoma City for a great networking event benefiting Oklahoma Children's Hospital OU Health and made possible by the many generous sponsors reflected. See you there!
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TenOaks Energy Advisors reposted this
Looking to add a rock solid geologist to the team! #nopuninteded #nowhiring #oilandgas
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TenOaks Energy Advisors reposted this
We look forward to seeing all of our friends on June 3rd!
On behalf of Caliber Resource Partners, the Houston Oil Scouts Association, Oklahoma Children’s Hospital OU Health, and all our incredible sponsors, we are excited to invite you to Drillers & Dealers on June 3rd, 2024, from 4 PM to 8 PM at The Jones Assembly in Oklahoma City. This event aims to unite the energy industry for a fun evening that supports a great cause.
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We are hiring a Reservoir Engineer. Come join the team! https://lnkd.in/gf9Db5iU
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TenOaks Energy Advisors reposted this
TenOaks Energy Advisors is proud to announce ConocoPhillips' successful operated leasehold divestiture in the Delaware Basin and we are excited to preview the upcoming MARSHALL & WINSTON, INC. acquisition opportunity.
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TenOaks Energy Advisors is proud to announce ConocoPhillips' successful operated leasehold divestiture in the Delaware Basin and we are excited to preview the upcoming MARSHALL & WINSTON, INC. acquisition opportunity.