The following information is provided by Stephens Inc. All inquiries on the following listings should be directed to Stephens. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

EnSight IV Energy Partners retained Stephens Inc. for the sale of an operated conventional gas asset in north Louisiana.

Highlights:

  • Operated, long-lived conventional natural gas assets with stable production and cash flow in north Louisiana
  • Approximately 8,000 net acres at Logansport Field in DeSoto Parish
  • Net production of 4.6 MMcfe/d; PDP forecast shows 8% decline over the next 12 months
    • 71 active wells (51 operated / 20 nonop) with an average Working Interest/Net Revenue Interest of ~88%/76%
    • Company-owned gathering system and centralized compression
    • 9 Successful Jeter/Pettet recompletions executed in last two years
    • 27 Operated inactive wells – 10 with proven recompletion opportunities
    • Ability to maintain much flatter decline curve through continued artificial lift optimization
    • Opportunity to significantly reduce LOS through Saltwater disposal/Piped water disposal
  • Net PDP PV-10: $20 million | Net PDP R/P1: 8.6 Years
Stephens Marketed Map - Ensight Operated Conventional North Louisiana Gas Asset
(Source: Stephens Inc.)

The bid date is expected in mid-November. The transaction is structured as a sale of assets with an effective date of December.

A virtual data room is available. For information visit stephens.com or contact Andres Barrios, Stephens vice president, at Andres.Barrios@stephens.com.

Onshore