Marketed: Titan Energy Oklahoma Mississippi Lime Assets

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

Titan Energy LLC retained PetroDivest Advisors to market for sale its producing properties, gathering systems and leasehold in the Mississippi Lime play of Alfalfa, Garfield and Grant counties, Okla.

The offer includes a fully HBP asset with steady production and stable cash flow. The largely contiguous nature of the position, with significant infrastructure included, allows for efficient operations and further development of the field within cash flow, according to PetroDivest.

Highlights:

• About $5 million Operating Cash Flow (1) Next 12 Months Proved Developed Producing (PDP)
  • Stable base of low-decline production provides for operational field improvements and development within cash flow
  • Steady cash flow driven by largely contiguous, operated properties allowing for efficient operations
• About 9 million cubic feet equivalent per day of Net Production (Roughly 97% Operated)
  • About 61% gas (liquids-rich)
  • Roughly 15% next 12-month decline
  • 65 active wells (77% operated)
  • Average 82% Working Interest (20% Royalty)
  • About 26 billion cubic feet equivalent Net PDP Reserves
  • Roughly eight years Reserves-to-Production Ratio (PDP)
• 23,479 Net Acres about 100% HBP
  • Substantial operated, HBP footprint offers long-term optionality on natural gas pricing
  • Infrastructure in-place with 45 miles of saltwater disposal poly pipeline
  • Includes four active saltwater disposal wells

Process Overview:

• Evaluation materials available via the Virtual Data Room on March 27
• Proposals due April 24

For information visit petrodivest.com or contact Ken Reed, director of PetroDivest, at ken@petrodivest.com or 713-595-1016.