Marketed: KONA Oil & Gas Nonoperated Multibasin Opportunity

KONA Oil & Gas Properties retained Detring Energy Advisors for the sale of nonoperated oil and gas interests concentrated in top resource plays throughout the Lower 48 including the Delaware Basin, SCOOP/STACK and Williston Basin.

Provided by Detring Energy Advisors

KONA Oil & Gas Properties retained Detring Energy Advisors to market for sale its nonoperated oil and gas interests concentrated in top resource plays throughout the Lower 48. The assets generate $71 million in operating cash flow from about 800 producing wells plus 120 DUCs and permits. Additionally, the assets include ongoing development in key regions, including the Delaware Basin, SCOOP/STACK and Williston Basin, driving continued near-term production and cash flow growth with substantial remaining undeveloped inventory offering highly economic development under top operators, according to Detring.

Evaluation materials are available via the Virtual Data Room on July 27. Bids are due on Aug. 31. For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.

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