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Oil & gas leasehold assets located in Vernon and Beauregard Parishes of the Western Louisiana Austin Chalk trend

  • State/Province: Louisiana
  • Country: United States
  • Quantity: 1
  • Allow Deals: Yes
  • I Want To: Sell
  • Telephone Number: (512) 296-4653
  • Email Address: mel@detring.com
  • Listed: December 11, 2018 1:56 pm
  • Expires: 907 days, 7 hours


Panther Energy Company III, LLC is offering for sale its oil & gas leasehold assets located in Vernon and Beauregard Parishes of the Western Louisiana Austin Chalk trend. The assets offer an attractive opportunity to acquire a large, contiguous position with minimal near-term expirations in one of the hottest emerging oil plays in the Lower 48.

Asset Highlights:

· 50,000 Net Acres – Large, Contiguous & Operated Position

o Over 75% of the position in operated DSU’s

o Development plan includes 200+ operated 7,500’ lateral locations

o 3 year primary-term with 2 year option to extend (expirations starting 2023)

o Contiguous position ideal for extended laterals and pad development

· Modern Completions Unlock Substantial Resource

o Oil-rich, over-pressured reservoir on-trend with prolific legacy Austin Chalk fields

o Modern completions unlock matrix porosity as demonstrated across the Karnes Trough and by EOG’s Eagles Ranch 14H

o 2.5 MMBoe EUR (7,500’ lateral)

o 100%+ single-well IRRs at current commodity prices

· Premier Austin Chalk Position

o Strategically assembled between two prolific legacy fields

o Ample takeaway options to nearby gulf-coast refineries resulting in attractive LLS-based oil prices

Process Overview:

· Evaluation materials available via the Virtual Data Room (“VDR”) on Monday, December 17th

· Proposals due on January 30, 2019

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, schedule a presentation or learn more about this opportunity.

Listing ID: 9125c1007cfacf33

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