The following information is provided by Stephens Inc. All inquiries on the following listings should be directed to Stephens. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
EnSight IV Energy Partners retained Stephens Inc. for the sale of an operated conventional gas asset in north Louisiana.
Highlights:
- Operated, long-lived conventional natural gas assets with stable production and cash flow in north Louisiana
- Approximately 8,000 net acres at Logansport Field in DeSoto Parish
- Net production of 4.6 MMcfe/d; PDP forecast shows 8% decline over the next 12 months
- 71 active wells (51 operated / 20 nonop) with an average Working Interest/Net Revenue Interest of ~88%/76%
- Company-owned gathering system and centralized compression
- 9 Successful Jeter/Pettet recompletions executed in last two years
- 27 Operated inactive wells – 10 with proven recompletion opportunities
- Ability to maintain much flatter decline curve through continued artificial lift optimization
- Opportunity to significantly reduce LOS through Saltwater disposal/Piped water disposal
- Net PDP PV-10: $20 million | Net PDP R/P1: 8.6 Years
The bid date is expected in mid-November. The transaction is structured as a sale of assets with an effective date of December.
A virtual data room is available. For information visit stephens.com or contact Andres Barrios, Stephens vice president, at Andres.Barrios@stephens.com.
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