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Coalbed Methane and related assets located in Virginia, West Virginia, and the Black Warrior Basin of Alabama

  • State/Province: WV
  • Country: United States
  • Quantity: 1 package deal
  • Allow Deals: Yes
  • I Want To: Sell
  • Telephone Number: (713) 907-2003
  • Email Address: mel@detring.com
  • Listed: June 25, 2018 9:40 pm
  • Expires: 3193 days, 15 hours
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Description

Coalbed Methane and related assets located in Virginia, West Virginia, and the Black Warrior Basin of Alabama For Sale .

Titan Energy, LLC (“Titan”), formerly Atlas Resource Partners, L.P., is offering for sale its Coalbed Methane and related assets located in Virginia, West Virginia, and the Black Warrior Basin of Alabama. The assets offer an attractive opportunity to acquire an operated, low-decline natural gas position producing substantial cash flow at premium pricing to Henry Hub, including a large acreage footprint and meaningful low-risk upside opportunities. Titan has retained Detring Energy Advisors as its advisor relating to the transaction.

Asset Highlights:

· $20MM+ Annual Cash Flow

o Premium pricing on-par with Henry Hub

· 35 MMcfd Net Production (100% Gas)

o ~10% Annual Decline

o ~150 Bcf Net PDP Reserves

· 131,300 Net Acres

o ~100% HBP

o 1,555 Active Wells (75% Operated)

o Avg. 82% WI / 20% Royalty

· Large Inventory of ~175 High-Quality Workover Candidates

o Provide immediate, low-risk opportunity to substantially boost production and cash flow

Process Overview:

· Evaluation materials available via the Virtual Data Room on Monday, September 11th

o Data room presentations available upon request

· Proposals due on Wednesday, October 11th

o Bids for the full package are preferred; offers for sub-portions of the properties will be considered

Please see the attached teaser for additional details regarding the properties and sales process.

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

Melinda Faust

mel@detring.com / (713) 907-2003

Listing ID: 76359bbd31692d8b

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