Marketed: Titan Energy Arkoma CBM Properties

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.

Titan Energy LLC has retained Detring Energy Advisors to sell its Arkoma Basin producing properties, gathering system and leasehold located in Le Flore, Pittsburg, Haskell, Latimer and Coal counties, Okla., and Sebastian County, Ark.

The assets offer an attractive opportunity to acquire cash flow positive assets with low 8% annual production decline and over 100,000 net acres throughout Eastern Oklahoma and Western Arkansas, according to Detring.

Asset Highlights:

• Substantial, Low-Decline Current Production & Cash Flow
  • 7.8 MMcf/d Net Production
    • ~8% annual decline
  • $4.1 million NTM operating cash flow
  • 39 Bcf net reserves (PDP)
  • 561 producing wells
    • 521 operated (avg. 80% WI) / 40 nonop (avg. 5% WI)
    • 263 horizontal / 298 vertical
• ~101,500 Net Acres
  • 72% HBP
  • Large, contiguous position ideal for operations
• Assets Include Significant Owned Infrastructure Assets
  • 160 miles of gas gathering lines
  • 140 miles of water gathering pipelines

Process Overview:

• Evaluation materials available via the Virtual Data Room on July 9
• Proposals due on July 31
• Closing anticipated in September 2018

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