Panther Energy Co. III LLC
The following information is provided by Detring Energy Advisors LLC. 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.
The assets offer an attractive opportunity to acquire a large, contiguous position with minimal near-term expirations in one of the hottest emerging oil plays in the Lower 48, according to Detring.
Asset Highlights:
- 50,000 Net Acres – Large, Contiguous and Operated Position
- Over 75% of the position in operated drill spacing units (DSU's)
- Development plan includes more than 200 operated 7,500-ft lateral locations
- Three-year primary-term with two-year option to extend (expirations starting 2023)
- Contiguous position ideal for extended laterals and pad development
- Modern Completions Unlock Substantial Resource
- Oil-rich, over-pressured reservoir on-trend with prolific legacy Austin Chalk fields
- Modern completions unlock matrix porosity as demonstrated across the Karnes Trough and by EOG’s Eagles Ranch 14H
- 2.5 million barrels of oil equivalent EUR (7,500-ft lateral)
- More than 100% single-well internal rate of returns at current commodity prices
- Premier Austin Chalk Position
- Strategically assembled between two prolific legacy fields
- Ample takeaway options to nearby Gulf Coast refineries resulting in attractive Light Louisiana Sweet (LLS)-based oil prices
Process Overview:
- Evaluation materials available via the Virtual Data Room on Dec. 17
- Proposals due on Jan. 30
For information visit detring.com or contact Melinda Faust at mel@detring.com or 713-595-1004.