Marketed: Gulf Coast East Basin Operations For Sale

The following information is provided by Energy Advisors Group (EAG). All inquiries on the following listings should be directed to EAG. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Energy Advisors Group (EAG) has been retained by Crosbys Creek Oil & Gas LLC to market its operated oil and gas production located in Choctaw and Washington counties, Alabama. The package consists of four active producers and four injectors, which produced over 330 bbl/d of oil and 800 Mcf/d of gas net from the Smackover formation in January.

Highlights:

• Gulf Coast East Basin Operations For Sale
• Eight wells. Four producers. Three water Injectors. One gas injector. 2,000 Gross (1,971 Net) Acres
• Crosbys Creek and Gin Creek Fields. Smackover Formation
• 100% Company-owned Pipeline Reduces Midstream Fees
• 99% Working Interest; 79% Net Revenue Interest
• Gross Production: ~430 bbl/d of oil and 1,000 Mcf/d of gas. Net Volumes: >330 bbl/d of oil and 800 Mcf/d of gas
• Net Operating Cash Flow: >$500,000/month
• Net PDP Reserves: ~800,000 bbl. Net PDP PV-10: ~$24 million
• Long-lived, Stable Production. 1-PUD Location Identified

Quick Production and Cash Flow Summary:

The package offers the opportunity to produce over 330 bbl/d of oil from only four wells which translates to very reasonable lifting costs and solid net income, according to EAG.

For more information, email co-project leads Wes Adams, EAG vice president, at wadams@energyadvisors.com, or Matt Chen, EAG technical specialist, at mchen@energyadvisors.com.