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Titan Multi-Basin Opportunity – Marble Falls, Miss. Lime, Utica, Indiana

  • State/Province: Texas
  • Country: United States
  • Quantity: 1
  • Allow Deals: Yes
  • I Want To: Sell
  • Telephone Number: (512) 296-4653
  • Email Address: mel@detring.com
  • Listed: October 6, 2019 8:29 am
  • Expires: 345 days, 1 hour


Titan Energy, LLC (“Titan”) has retained Detring Energy Advisors to sell its producing properties, gathering systems, and leasehold across four distinct packages, including the Marble Falls play of north Texas; Mississippi Lime play of north Oklahoma; Utica Shale play of eastern Ohio; and Indiana. Each package offers an attractive opportunity to acquire low-decline, cash flow positive assets with demonstrated proved producing reserves and operational upside.

Asset Highlights:

· Substantial Production & Cash Flow

o $20MM+ net operating cash flow (next 12 months PDP)

o ~30 MMcfed net production (70% gas)

o ~100 Bcfe net reserves (PDP)

o ~$80MM PDP PV10

o ~240 wells (93% operated; avg. 92% WI)

· ~130,000 Net Acres

o ~100% HBP

o Substantial operated, HBP footprint offers long-term optionality on natural gas pricing (acreage ~2/3 developed)

o Immediate development opportunities include behind-pipe and recompletion candidates

· Large Recompletion Inventory & Owned Infrastructure Assets

o Meaningful recompletion potential in the Marble Falls

§ Simpson 1 (Q2 2018) IP’d at ~1,000 Boed with payout in 3 days

§ >100 additional candidates identified by Titan

o Miss. Lime assets include 45 miles of SWD poly pipeline and 4 active SWD wells

o Gas processing facility included in Indiana package

Process Overview:

· Evaluation materials available via the Virtual Data Room (“VDR”) on Tuesday, September 4th

· Proposals due on Friday, September 28th

o Titan will accept bids for each of the four individual sub-packages

· Closing anticipated in mid-December 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.


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: 295b893fc4a3c95

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