The following information is provided by PLS Energy Advisors Group. All inquiries on the following listings should be directed to PLS. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
PLS Energy Advisors Group has been retained by Sabine Oil & Gas to market its North Louisiana Cotton Valley assets. The opportunities include 17 producing wells and up to 256 Bcf in total net reserve potential through PDNP and PUD exploitation.
OFFERS DUE: MARCH 23, 2018
Full Formal Package (PP1030PKG) Includes:
- PP 1031DV Operated 18x Cotton Valley Davis Wells, with 25 Locations;
- PP 1032DV 9x Non-Operated Wells (Including Haynesville Wells); and
- PP 1033DV 2 Wells, 5 Prospects. Southern Sabine Pr Middle Bossier Prospects.
The seller would prefer to sell the whole package but will entertain offers on a sub-package basis if all three packages Aae sold.
Buyer's must allocate offers for each sub-package listed:
Woodardville Field (Operated Assets):
- Red River Parish, La.;
- 18-Wells. 7,900-Net Mineral Acres;
- Producing from vertical wells with immediate PDNP and PUD exploitation opportunities;
- Current Net Prduction: 1.2 MMcf/d (100% Gas);
- 25 Hz Cotton Valley PUD locations ; and
- 176 Bcf upside reserve potential.
This Sub-package is also listed as PP 1031DV.
Woodardville Field (Non-Op Assets):
- Red River Parish, La.;
- 9-Wells. Cotton Valley and Haynesville;
- Net Production: 4.6 MMcf/d; and
- Net PDP PV10: $6,100,000.
This Sub-package is also listed as PP 1032.
Converse and Zwolle Field (Operated Assets):
- Sabine Parish, La.;
- 2-Wells. 1,294-Net Acres;
- Blackstone Minerals 26 1;
- Well IP’d 20.0 MMcf/d (24hr IP;
- Well is marginally producing and needs coil clean out at a cost of $97,000;
- Expected production after workover: 400 Mcf/d;
- 5-Immediate high impact PUDs ready to drill;
- Middle Bossier Target; and
- Four 10,000’ laterals and one 5,000’ lateral.
This Sub-package is also listed as PP 1033DV.
Offers are due March 23, 2108. For information visit PLS Energy Advisors Group or contact Chris Bennett, A&D Advisor, at 817-312-1508.
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