The following information is provided by PetroDivest Advisors. All inquiries on the following listings should be directed to PetroDivest. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Stephens Natural Resources LLC retained PetroDivest Advisors to market for sale its oil and gas leasehold and related assets in Bossier, Bienville, Jackson, Lincoln and Ouachita parishes, Louisiana.
The assets offer an attractive opportunity to acquire a well-balanced operated and nonoperated position underpinned by a 4.9 MMcfe/d low-decline, gas-weighted production stream generating $10 million of next 12-month PDP cash flow, according to PetroDivest. A significant inventory of high-returning development locations remains across the roughly 8,700 net-acre position (100% HBP), the firm added.
Asset Highlights:
- Low Decline Gas Production | 4.9 MMcfe/d | 99% Gas
- PDP PV-10: $38 million
- Next 12-month PDP Cash Flow: $10 million
- PDP Net Reserves: 25 Bcfe
- Well Count: 21 operated and 43 nonoperated producing wells
- 39% average working interest and 30% average net revenue interest
- Resilient cash flow stream ensured by low operating expenses and healthy margins
- ~$6.50/Mcfe operating cash margin in 2022E
- ~8,700 Net Acres | 100% HBP
- ~3,700 net acre operated position concentrated in Bienville Parish
- ~5,000 net acre nonoperated position across Bossier, Lincoln, Jackson and Ouachita Parishes
- Exposure to active, well-capitalized operators including Diversified Energy and Tygr Operating
- De-risked, Non-Operated Bossier Development Locations
- 11 high-impact undeveloped locations identified for horizontal development targeting the gas-prolific Bossier Sands
- 3P Reserves and PV-10 at 34 Bcfe and $45MM, respectively
- Strong on-leasehold performance drives undeveloped type curves boasting 100%+ IRRs
- EUR: 1.3 Bcfe/Mft
- IP-30: 1.4 MMcfe/d/Mft
Process Summary:
- Evaluation materials available via the Virtual Data Room on April 25
- Proposals due on May 25
For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.
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