FDL Operating LLC
Transaction Type
Sellers
Marketers
Field
Gwinville, Baxterville & Maxie Fields
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description
FDL Operating LLC retained TenOaks Energy Advisors LLC to sell operated, conventional gas assets in Southern Mississippi. The assets include 35,114 gross (27,680 net) acres in three legacy gas fields, the Gwinville, Baxterville and Maxie fields. The position is 100% HBP with an average working interest of 98.3% and net revenue interest of 76.8%. Net daily production is 8.9 MMcfe (99% gas) and the forecasted 2018 PDP cash flow is $4.6 million (annualized). The offer also includes upside potential in the Selma Chalk horizontal play.
Bids are due April 25. For information visit tenoaksenergyadvisors.com or contact Jason B. Webb, Tenoaks partner, at 214-420-2322.