Rubicon Oil & Gas LLC

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.

Rubicon Oil & Gas LLC is offering for sale its core Delaware Basin and Yeso trend leasehold and related assets located in Lea, Eddy and Chaves counties, N.M.

The asset offers an attractive opportunity to acquire about 6,660 net acres (100% HBP) throughout active horizontal development across multiple prolific horizons. Rubicon has retained Detring Energy Advisors as its exclusive adviser relating to the transaction.

Asset Highlights:

• 6,660 Net Acres
  • 100% HBP
  • About 50% Delaware Basin / 50% Yeso Trend
• 1,330 boe/d Net Production (about 70% oil)
• About $15 million Operating Cash Flow (PDP next 12 months)
• More than $55 million PDP PV-10 value
• 83 Producing Wells (average about 20% WI)
  • 61 horizontal / 22 vertical
• Properties Located in the Most Active Basin in the U.S.
  • More than 85 horizontal rigs running in the northern, New Mexico portion of the Delaware Basin and Yeso Trend
  • Rubicon’s position is bracketed by superb well results averaging about 350 IP-30 per thousand lateral feet from Second/Third Bone Spring, Wolfcamp A-XY, and Yeso intervals
  • In addition to the Bone Spring and Wolfcamp, modern completion technology is being utilized to exploit the Yeso Formation, leveraging significant well control from historic vertical development

Process Overview:

• Evaluation materials available via the Virtual Data Room on Sept. 4
  • Data room presentations available upon request
• Proposals due Oct. 3

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