The following information is provided by Houlihan Lokey Capital Inc. All inquiries on the following listings should be directed to Houlihan Lokey. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Beland Energy LLC is offering for sale its Bossier Shale interests in De Soto Parish, La. Beland has retained Houlihan Lokey Capital Inc. as its exclusive financial adviser to assist with this transaction.

Bossier Shale Activity Surrounding Lease (Source: Houlihan Lokey Capital Inc.)

Asset Highlights:

  • Contiguous leasehold covering 37,086 gross (23,690 net) acres
    • About 97.5% HBP
    • About 97.4% operated
    • Operated ownership of 80% WI / 63% NRI
    • Attractive realized pricing given existing infrastructure on leasehold and desirable location relative to Henry Hub and LNG export projects
    • Transaction includes Bossier Shale rights only
  • Exceptional reservoir properties and well performance
    • Consistent Bossier Shale target interval across Beland’s position
    • Porosity quality and overall thickness are comparable to or better than that of the Haynesville
    • Net pay thickness ranges from 275 ft to 325 ft
    • Latest generation Bossier Shale completions are outperforming latest generation Haynesville wells on a percentage generational uplift basis
  • Substantial and scalable resource base and asset value
    • Individual wells forecasted to achieve greater than 45% IRRs at strip
    • Net resource of about 1.4 trillion cubic feet; PV-10 value of about $460 million at strip
    • 175 future drilling locations assuming six wells per section; includes 132 locations with greater than or equal to 7,500-ft laterals
    • Current development plan forecasts peak net production of about 610 million cubic feet per day by 2022

Bids are due Oct. 29. For information visit www.hl.com or contact Kirk Tholen, managing director and head of E&P A&D for Houlihan Lokey, at KTholen@HL.com or 832-319-5110.

Onshore