The following information is provided by Detring Energy Advisors. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Vanguard Natural Resources Inc. is offering for sale conventional Mississippi and 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
- ~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)
- ~1.9 MBoed Net Production
- ~12,100 Net Acres | ~100% HBP
- 46 active producers (~55% op.)
- Avg. Op 72% WI / 58% NRI
- Avg. 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 Mon., Jan. 29
- Data room presentations available upon request
- Proposals due on Wed., Feb. 28
- Bids for the full package are preferred; offers for sub-portions will be considered
Please contact Melinda Faust at mel@detring.com or 713-595-1004 to request a confidentiality agreement, schedule a presentation or learn more about this opportunity.
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