The following information is provided by Detring Energy Advisors LLC. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Peregrine Petroleum Partners Ltd. is offering for sale its oil and gas producing properties, leasehold, minerals and related assets located in Oklahoma’s Ellis, Roger Mills and Dewey counties within the western Anadarko Basin.
The assets, according to Detring Energy Advisors, retained by Peregrine as its exclusive advisor relating to the transaction, offer an attractive opportunity to acquire a roughly 35,000 net-acre, majority-operated, concentrated position with liquids-heavy production generating about $10 million of annual cash flow. The offering also includes a highly-economic, drill-ready development program targeting multiple de-risked formations, Detring added.
Highlights:
- ~1,300 boe/d net production
- Liquids-weighted production with ~$10 million next 12-month op. cash flow (PDP) from 193 producing wells
- PDP PV-10: $30 million
- PDP Net Reserves: 3.6 million boe
- 71 operated producers account for 92% of PDP value (average 85% working interest)
- Liquids-weighted production with ~$10 million next 12-month op. cash flow (PDP) from 193 producing wells
- ~35,000 net leasehold acres and ~1,200 net mineral acres
- Majority-operated, HBP leasehold position provides operational oversight and capital budget control
- 88% HBP
- Incremental mineral rights across numerous highly-prospective units deliver superior economics
- Majority-operated, HBP leasehold position provides operational oversight and capital budget control
- Stacked-pay with multiple de-risked targets
- Development plan focuses on the prolific Oswego, Cleveland, and Cherokee reservoirs
- 110+ highly-economic development locations generating 60%+ IRRs
- 3P PV-10: ~$95 million
- 3P Net Reserves: ~15 million boe
- Offset wells with modern completions yielding vastly improved results
Process Summary:
- Evaluation materials available via the Virtual Data Room on Aug. 23
- Proposals due on Sept. 22
For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.
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