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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.

Atinum Energy Investments LLC has retained Detring Energy Advisors to market for sale its nonoperated producing properties, leasehold and related assets concentrated in West Virginia's Marshall and Wetzel counties.

According to Detring, the assets offer an attractive opportunity to partner with a premier, highly-active operator (Tug Hill Operating) actively developing core dry gas Utica and liquids-rich Marcellus inventory with about 38% average working interest.

Highlights:

  • About 8,100 net acre non-operated position in a world-class stacked-pay environment
    • About 38% average Working Interest | about 83% Net Revenue Interest (8/8ths)
    • Core liquids-rich Marcellus and dry gas Utica offers diversified commodity exposure/optionality
    • Extensive infrastructure in-place
      • Nearly 100% of future development from existing pads
  • Robust operating cash flow (about $5 million next 12 months PDP)
    • Net Production: about 31 MMcfe/d
    • PDP: $38 million PV-10 value (90 Bcfe net reserves)
  • Partnership with a premier, highly active operator (Tug Hill Operating)
    • Tug Hill aggressively delineating the Utica as the current price environment favors dry gas
    • Continuous two to three rig development program with 21 AFEs received year to date representing $200 million-plus gross D&C capital
      • 16 Utica plus Five Marcellus proposals
  • Highly-economic development at current commodity prices
    • Dry gas Utica (Point Pleasant):
      • 60+ identified locations (11 PUD)
      • About 3.1 Bcf/1,000-ft EUR yielding 40%+ IRRs at current strip
      • About 2.5-year pay-out
    • Liquids-rich Marcellus:
      • 30-plus identified locations (28 PUD)
      • About 2.5 Bcfe/1,000-ft EURs yielding 20%-plus IRRs at current strip
Marketed: Atinum Energy Investments Core Appalachia Nonop Opportunity

Process Summary:

  • Evaluation materials available via the Virtual Data Room June 17
  • Proposals due on July 22

For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.

Onshore