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Arkoma Drilling II LP and its affiliates are offering for sale its portfolio of northeastern Haynesville assets in the Ark-La-Tex Basin located in Bienville, Bossier and Webster parishes Louisiana. The company retained EnergyNet Indigo as the exclusive financial and technical adviser for this transaction.
Key Investment Highlights:
Excellent Haynesville Shale Acreage
- Unique opportunity to acquire high contiguous undeveloped Haynesville acreage
- Nine attractive, stable producing wells; producing ~51 MMcef/d; PDP PV-10 at $120.2 million
- Operated production with 92.4% working interest and 73.0% net revenue interest
- Full control of operations and future development planning
- Established production profile leading to long term cashflow predictability
- Active development continuing to take place across Bossier and Webster Parish
Stacked Resource Upside Potential
- Repeatable drilling inventory, with de-risked future development as a result of Arkoma development
- Extensive upside inventory due to stacked resource formations on Arkoma’s acreage
- Unevaluated potential value in development of Pettet for expansion of Lake Bistineau gas storage facility
Contiguous Development Opportunity & Stable Cash Flow
- Highly contiguous and consolidated operated position within Bossier and Webster parish
- Well delineated asset with drill-ready development locations, strategically located near Gulf Coast demand centers
- Average monthly cash flow ~$7.5 million/month
Delineated, Premium Inventory Potential
- Upside location development timing is consistent with typical pad development
- 25 pads with 83 upside locations
- Haynesville Formation is main target for future development
- Assuming 10,000’ laterals spaced at 4 wells per section
- Bossier shale and Cotton Valley present within Arkoma’s acreage
- Upside cases haven’t been modeled
- Gross Bossier thickness of 250 ft-350 ft
Bids for Lot# 101385 are due Dec. 1. The transaction effective date is Oct. 1.
A virtual data room is available. For complete due diligence information visit energynet.com or email Zach Muroff, managing director, at Zach.Muroff@energynet.com, or Denna Arias, executive director of acquisitions and divestments, at Denna.Arias@energynet.com.
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