Taos Resources Holding Co. LLC is selling its operated Midcontinent and Gulf Coast oil and gas assets throughout Kansas and Texas.

The assets include a large, oil-weighted and largely-HBP position with economic upside opportunities, according to Detring & Associates LLC, which has been retained by the Houston company as exclusive adviser.

Highlights:

  • 29,863 net acres;
    • 91% HBP;
  • 520 barrels of oil equivalent per day (boe/d) of net production;
    • 90% oil;
    • About $4 million operating cash flow for the last 12 months;
  • Operated with 92% average working interest;
    • 80% average lease net revenue interest;
  • Upside opportunities;
    • About 80 vertical Mississipian proved undeveloped locations offer 35%-50% rate of return (Kansas);
    • Multiple economic vertical and horizontal Gulf Coast projects (Texas); and
    • About 1 MMboe of proved developed non-producing reserves.

Bids are due June 15. The virtual data room opened May 13. Data room presentations are available upon request.

For information contact Derek Detring, president of Detring & Associates, at 713-705-8721.