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
![PetroDivest Advisors Marketed Map - Stephens Natural Resources North Louisiana Working Interest](/sites/default/files/inline-images/PetroDivest%20Advisors%20Marketed%20Map%20-%20Stephens%20Natural%20Resources%20North%20Louisiana%20Working%20Interest.png)
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.
Recommended Reading
The OGInterview: Building a Bakken Beast
2024-06-03 - Chord Energy CEO Danny Brown breaks down the M&A strategy that is hitting all the right notes.
Beetaloo Juice: US Shale Explores Down Under
2024-06-28 - Tamboran Resources has put together the largest shale-gas leasehold in Australia’s Beetaloo Basin, with plans for a 1.5+ Bcf/d play. Behind its move now to manufacturing mode are American geologists and E&P-builders, a longtime Australian wildcatter, a U.S. shale-rig operator and a U.S. shale pressure-pumper.
Devon Energy Expands Williston Footprint With $5B Grayson Mill Deal
2024-07-08 - Oklahoma City-based Devon Energy is growing its Williston Basin footprint with a $5 billion cash-and-stock acquisition from Grayson Mill Energy, an EnCap portfolio company.
TotalEnergies Makes FID on Kaminho Deepwater Project
2024-05-21 - TotalEnergies, in partnership with Petronas and Sonangol, said production is expected to begin in 2028 and reach a plateau of 70,000 bbl/d of oil.
Industry Consolidation Reshapes List of Top 100 Private Producers in the Lower 48
2024-06-24 - Public-private M&A brings new players to top slots in private operators list.