Gulf Pine Energy LP

Gulf Pine Energy LP retained TenOaks Energy Advisors to sell all of its Central Mississippi and Alabama assets.

The offer is majority operated with high ownership interests in a conventional oil and gas asset covering 63,714 net acres. The asset includes 29,335 net acres (90% HBP) in Central Mississippi and 34,380 net acres (10% HBP) in the Black Warrior Basin.

Asset Highlights

• Conventional, Producing Properties Poised for Scalable Development
  • Expansive acreage position
  • Majority operatorship with high ownership interests
• Excellent Cash Flow from an Established Production Base
  • Majority of the production is from the prolific Cotton Valley and Selma Chalk
  • Net production: 9,200 Mcfe/d (86% gas)
  • Annualized 2018 PDP cash flow: $7 million
• Opportunity to Utilize Modern Completion Techniques in an Under-Exploited Area with Significant OGIP
  • Upside yields attractive returns with an increased exposure to liquids
  • ~250 quantified drilling locations | extensive well control and 3-D coverage
  • Several identified workover, recompletion and well optimization projects

Bids are due by noon CST Aug. 1.

Contact Forrest Salge, TenOaks associate, at forrest.salge@tenoaksadvisors.com or 214-420-2327 for a copy of the confidentiality agreement. For information visit tenoaksenergyadvisors.com or contact B.J. Brandenberger, partner at TenOaks, at bj.brandenberger@tenoaksadvisors.com or 214-420-2323.