The following information is provided by Opportune Partners LLC. All inquiries on the following listings should be directed to Opportune. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Paloma Natural Gas LLC retained Opportune Partners LLC as its exclusive financial advisor for the sale of certain oil and gas assets in Mississippi and Louisiana. The assets include net production of 544 boe/d (100% oil) across 49,000 gross (34,200 net) acres from 37 gross producers.
Asset highlights:
- Net production of 544 Boe/d (100% oil) from 37 gross producers
- PDP PV10 of ~$22.7MM with NTM operating cash flow of $7.5 MM
- Access to premium Gulf Coast pricing
- 49,000 gross and 34,200 net acres
- Avg. WI and NRI of 66.9% and 50.9%, respectively
Bids are due March 2. The Virtual Data Room will be available beginning Jan. 17, and Opportune will be available for Q&A sessions beginning Jan. 23. Send executed confidentiality agreement and any Q&A regarding the properties to PalomaNG@Opportune.com.
Recommended Reading
Carbon Removal Company Equatic Appoints New CEO
2024-11-18 - Equatic appointed a new CEO in preparation to launch the world’s largest ocean-based carbon removal plant.
Dividends Declared Week of Nov. 11
2024-11-15 - Here is a compilation of dividends declared from select E&Ps in fourth-quarter 2024 during the week of Nov. 11.
Empire Raises $10M in Equity Offering to Ease Doubts, Reports $3.6M Loss
2024-11-14 - Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.
Exxon Mobil to Cut Almost 400 Jobs in Wake of Pioneer Acquisition
2024-11-14 - A regulatory filing shows more than 90% of layoffs are at Pioneer’s former headquarters in Irving, Texas with the rest being workers in Midland.
Investment Firm Elliot Calls for Honeywell Restructuring in Letter to Board
2024-11-13 - As Honeywell’s largest active investor, Elliott Investment Management’s letter to Honeywell International argued that Honeywell should split into two entities—Honeywell Aerospace and Honeywell Automation.
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.