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.

Panther Energy Co. III LLC retained Detring Energy Advisors for the sale of its oil and gas leasehold assets located in Vernon and Beauregard Parishes of the Western Louisiana Austin Chalk trend.

Panther Energy - Western Louisiana Austin Chalk Trend Map (Source: Detring Energy Advisors)

The assets offer an attractive opportunity to acquire a large, contiguous position with minimal near-term expirations in one of the hottest emerging oil plays in the Lower 48, according to Detring.

Asset Highlights:

  • 50,000 Net Acres – Large, Contiguous and Operated Position
    • Over 75% of the position in operated drill spacing units (DSU's)
    • Development plan includes more than 200 operated 7,500-ft lateral locations
    • Three-year primary-term with two-year option to extend (expirations starting 2023)
    • Contiguous position ideal for extended laterals and pad development
  • Modern Completions Unlock Substantial Resource
    • Oil-rich, over-pressured reservoir on-trend with prolific legacy Austin Chalk fields
    • Modern completions unlock matrix porosity as demonstrated across the Karnes Trough and by EOG’s Eagles Ranch 14H
    • 2.5 million barrels of oil equivalent EUR (7,500-ft lateral)
    • More than 100% single-well internal rate of returns at current commodity prices
  • Premier Austin Chalk Position
    • Strategically assembled between two prolific legacy fields
    • Ample takeaway options to nearby Gulf Coast refineries resulting in attractive Light Louisiana Sweet (LLS)-based oil prices

Process Overview:

  • Evaluation materials available via the Virtual Data Room on Dec. 17
  • Proposals due on Jan. 30

For information visit detring.com or contact Melinda Faust at mel@detring.com or 713-595-1004.

Onshore