The following information is provided by BOK Financial Securities. All inquiries on the following listings should be directed to BOK Financial Securities. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Tiptop Energy Production US LLC has retained BOK Financial Securities for the sale of non-operated working interest properties and gas gathering system in the Powder River, Mid- continent and Gulf Coast Regions. The package includes a net production of 2,222 boe/d.
Opportunity highlights:
- ~ 114,142 net acres in the Powder River, Mid-Continent, and Gulf Coast regions
- PDP PV-10: $62.9 million and 5 MMBoe net reserves
- Net Production: 2,222 boe/d (56% liquids)
- NTM PDP free cash flow: $17.1 MM
- Monthly operating cash flow: $1.7 MM (T6M average)
- Average WI / NRI: 8% WI and 81% (8/8th) NRI
- Total 3P PV10: $170 MM and 64 MMboe net reserves
Midstream System
- 33.3% non-operated working interest in Otter Creek Midstream system
- 259 miles of gas gathering lines and 4 active compressor stations (all company-owned)
- Current throughput of ~20.4 MMcf/d
- Major interconnects with ETC and Superior Midstream
Bids are due Dec. 6. For complete due diligence, please email Cristina Stellar, managing director, at cstellar@bokf.com .
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