The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Arkoma Drilling II LP retained EnergyNet Indigo for the sale of an Eagle Ford Basin opportunity comprising operated, unconventional assets within the Eagle Ford gas window in Webb County, Texas.
Summary:
- Unique opportunity to acquire full control of operated, low declining Eagle Ford wells with future development upside within the increasingly active Eagle Ford Gas Window
- Six attractive, stable producing wells
- Operated position with working interest of 100% and net revenue interest of 75%
- Established production profile leading to long term cashflow predictability
- Active Austin Chalk development continuing to take place across Webb County
- Strong cash flow of ~ $16 million/year (last 12-months)
- Attractive total asset PV-10 of $106.6 million
- PDP PV-10 of $39.3 million
- Location PV-10 of $67.3 million
- Last 12-month average net production of ~15,418 Mcfe/d (100% gas)
- Dry gas wells with low operator risk, minimal downtime and all naturally flowing
- Full area exit for Arkoma Drilling II (all acreage, all rights, all depths)
- Austin Chalk Upside Opportunity
- Six PUD locations ready to be drilled
- EOG Resources San Roman 1508 offset with EUR of ~12.5 Bcf
- Six PUD locations ready to be drilled
- 10 active rigs in Webb County with three rigs in close proximity to Arkoma Drilling’s potential future development locations
Bids are due at 4 p.m. CDT on March 30. The transaction is expected to close in April with an effective date of March 1.
A virtual data room is available. For complete due diligence information visit indigo.energynet.com or email Zachary Muroff, vice president of business development, at Zachary.Muroff@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Recommended Reading
EQT: Gas Demand Likely to Outpace Midstream Sector’s Ability to Supply
2025-02-19 - Most infrastructure projects being built will not come online for another year—too late for the quickening pace of gas demand.
EIA: NatGas Storage Withdrawal Eclipses 300 Bcf
2025-01-30 - The U.S. Energy Information Administration’s storage report failed to lift natural gas prices, which have spent the week on a downturn.
NatGas Rally Reaches 2024 Peak, Highest Price in Two Years
2024-12-19 - Analysts say the gas market remains volatile as prices surpass $3.50/MMbtu at the Henry Hub for the first time in about two years.
NatGas Prices, E&Ps Take a Hit from DeepSeeking Missile
2025-01-28 - E&Ps such as Expand Energy and EQT Corp. saw share prices drop on news of less power-intensive AI, but analysts predict the natural gas market will rebound as LNG exports and overall power demand continues to increase.
Targa Pipeline Helps Spark US NGL Production High in 2024
2025-01-23 - Analysts said Targa Resources’ Daytona line released a Permian Basin bottleneck as NGLs continued to grow.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.