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)
  • ~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.