The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Coachman Energy Colorado Leasehold Position (Source: TenOaks Energy Advisors)

Coachman Energy retained TenOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of certain operated assets in Kansas, Nebraska and Colorado.

Asset Highlights:

  • Stable Base of Production and Cash Flow
    • 410 net boe/d (March 2018) – 99% oil
    • 78% operated based on proved PV-10 value
    • $530,000 monthly operating cash flow (March 2018)
  • Substantial Land Position with Proprietary 3-D Seismic
    • 92,000 net acres across Kansas and Nebraska
    • 630 square miles of proprietary 3-D seismic in which Coachman (and its predecessors) participated
    • 54.4% WI / 45.3% NRI (WI/NRI: 83.3%)
  • Waterfloods and Drilling Locations Provide Low Cost, High IRR Projects
    • Three existing waterfloods / three additional quantified waterflood opportunities
    • 16 identified but unquantified waterflood projects
    • Multiple development drilling locations

Coachman Energy Kansas Nebraska Leasehold Position (Source: TenOaks Energy Advisors)

Bids are due at noon CST July 20. For information visit tenoaksenergyadvisors.com or contact Lindsay Sherrer, TenOaks partner, at lindsay.sherrer@tenoaksadvisors.com or 214-420-2324. For a copy of the CA contact Trey Bonvino, an associate with TenOaks, at trey.bonvino@tenoaksadvisors.com or 214-420-2331.