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Vanguard Natural Resources, Inc. (“Vanguard”) is offering for sale conventional Mississippi & Alabama Gulf Coast assets

  • State/Province: AL
  • Country: United States
  • Quantity: 1 package deal
  • Allow Deals: Yes
  • Telephone Number: (713) 595-1004
  • Email Address: mel@detring.com
  • Listed: July 21, 2018 1:40 pm
  • Expires: 3318 days, 16 hours
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Description

Vanguard Natural Resources, Inc. (“Vanguard”) is offering for sale conventional Mississippi & Alabama Gulf Coast assets, consisting of low-decline, oil-weighted producing properties and associated gas processing infrastructure. Vanguard has retained Detring Energy Advisors as its exclusive advisor relating to the transaction.

Asset Highlights:

· $11MM+ Annual Operating Cash Flow

o ~1.9 MBoed Net Production

  • <10% forecast annual decline
  • ~95% operated
  • ~85% liquids
  • ~17% Mississippi / ~83% Alabama
  • ~6.8 MMBoe net PDP reserves
  • Impactful uplift from gas processing plant (NGL’s & Sulphur)
  • ~12,100 Net Acres | ~100% HBP
    • 46 active producers (~55% op.)
    • Op 72% WI / 58% NRI
    • Non-Op. 15% WI/ 12% NRI
    • Net acreage ~11% Mississippi / ~89% Alabama
    • Alabama assets include mineral ownership, boosting lease NRI
    • Gas processing plant included in sale (55 MMcfd capacity)

 

Process Overview:

  • Evaluation materials available via the Virtual Data Room on Monday, January 29th
    • Data room presentations available upon request
  • Proposals due on Wednesday, February 28th
    • Bids for the full package are preferred; offers for sub-portions 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.

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Listing ID: 1155a60965a87679

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