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Arkoma Basin producing properties, gathering system and leasehold for sale

  • State/Province: Oklahoma
  • Country: United States
  • Quantity: 1 package deal
  • I Want To: Sell
  • Telephone Number: 713) 595-1004
  • Email Address: mel@detring.com
  • Listed: December 4, 2018 8:50 pm
  • Expires: 181 days, 21 hours
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Description

Titan Energy, LLC (“Titan”) 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, Oklahoma, and Sebastian County, Arkansas. 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.

Asset Highlights:

· Substantial, Low-Decline Current Production & Cash Flow

o 7.8 MMcfd Net Production

§ ~8% annual decline

o $4.1MM NTM operating cash flow

o 39 Bcf net reserves (PDP)

o 561 producing wells

§ 521 operated (avg. 80% WI) / 40 non-op (avg. 5% WI)

§ 263 horizontal / 298 vertical

· ~101,500 Net Acres

o 72% HBP

o Large, contiguous position ideal for operations

· Assets Include Significant Owned Infrastructure Assets

o 160 miles of gas gathering lines

o 140 miles of water gathering pipelines

Process Overview:

· Evaluation materials available via the Virtual Data Room (“VDR”) on Monday, July 9th

· Proposals due on Tuesday, July 31st

· Closing anticipated in September 2018

Please see the attached teaser for additional details regarding the properties and sales process. All relevant footnotes and disclaimers are incorporated herein.

Please contact Melinda Faust to request a confidentiality agreement or to learn more about this opportunity.

Best Regards,

Derek Detring

derek@detring.com / (713) 595-1001

Melinda Faust

mel@detring.com / (713) 595-1004

Matthew Loewenstein

matt@detring.com / (713) 595-1003

Richard Ball

richard@detring.com / (713) 595-1005

Jonathan Bristal

jonathan@detring.com / (713) 595-1010

Listing ID: 5355b23f88ab3b6c

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