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
Diamondback Subsidiary to Invest $50MM in Verde Clean Fuels
2024-12-19 - Diamondback Energy subsidiary Cottonmouth Ventures LLC’s investment will consist of buying 12.5 million shares of Verde Class A common stock, making Cottonmouth the company’s second largest shareholder.
Power Co. Proposes NatGas Plants Near Texas Haynesville Shale
2024-12-18 - An American Electric Power (AEP) subsidiary plans to develop two natural gas-fired generation projects near the prolific Texas Haynesville shale play.
NuVista Energy Temporarily Curtails Production After Plant Shutdown
2024-12-18 - NuVista Energy announced revised production guidelines following temporarily curtailing production in the Wapiti area of the Alberta Deep Basin.
Exxon’s Custom, Lightweight Proppant Boosts Permian EURs by 15%
2024-12-17 - Exxon is lowering drilling and completion costs, boosting EURs by 15% with custom proppant and considering upside from less developed Permian Basin zones.
PHX Minerals Explores Sale After Rejecting Acquisition Bids
2024-12-13 - PHX Minerals hired bankers to explore a potential merger or sale of the firm, which manages assets across the Midcontinent and Haynesville Shale play. PHX has rejected multiple unsolicited acquisition bids in the past two years.
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.