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Producing properties and leasehold in the East Binger Unit located in Caddo County, Oklahoma.For Sale

  • State/Province: OK
  • Country: United States
  • Quantity: 1
  • Allow Deals: Yes
  • I Want To: Sell
  • Telephone Number: (512) 296-4653
  • Email Address: mel@detring.com
  • Listed: August 31, 2018 8:27 am
  • Expires: 988 days, 15 hours

Description

Producing properties and leasehold in the East Binger Unit located in Caddo County, Oklahoma.For Sale

Legacy Reserves, LP (“Legacy”) has retained Detring Energy Advisors to market for sale its producing properties and leasehold in the East Binger Unit located in Caddo County, Oklahoma. The package offers an attractive opportunity to acquire an operated, low-decline, and liquids-rich asset with demonstrated proved producing reserves and operational upside.

Asset Highlights:

· $5MM+ operating cash flow (next 12 months PDP)

· ~600 Boed net production (~70% liquids)

o Sub-3% annual decline

· 4+ MMBoe net PDP reserves (18+ year R/P)

· ~$30MM PDP PV10

· ~7,300 net acres

o 100% HBP

o ~3,800 net acres with deep rights offer exposure to the dry gas Woodford and Mississippian plays as horizontal activity expands westward

· High-quality reservoir over a thick, homogenous 50-100 ft net pay interval in the Marchand C Sand

o Additional potential in the Marchand A & B intervals

· Meaningful upside in operational improvements and high-quality PUD locations

Process Overview:

· Evaluation materials available via the Virtual Data Room (“VDR”) on Monday, September 10th

· Proposals due on Wednesday, October 10th

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

Please contact Melinda Faust to request a Confidentiality Agreement for VDR access or to learn more about this opportunity.
___________________________________________________________

Melinda Faust | Director | Detring Energy Advisors

1885 St. James Place, Ste. 1200 | Houston, TX 77056

Mobile: (512) 296-4653 | E-Mail: mel@detring.com | Web: www.detring.com

Listing ID: 2685b8941fbdd512

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