Marketed: Peach Creek Petroleum Texas Gulf Coast Operated Sales Package

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

Peach Creek Petroleum LLC retained Energy Advisors Group (EAG) to market a Texas Gulf Coast operated sales package. The offering comprises 20,000 net acres, 67 producers, 54 behind-pipe opportunities with a multi bench reserve base including the Wilcox, Frio, Yegua and Miocene targets in Colorado, Lavaca and Wharton counties, Texas. Net operating cash flow is projected to per roughly $3.5 million per year.

Assets:

• Texas Gulf Coast (Colorado, Lavaca and Wharton Cos., Texas)
• 113-Wells. 20,000-Acre 100% HBP Position Offers Significant Upside
• Highly Economic Development Projects Including PDNP and PUD Locations
• Multipay: Wilcox, Frio, Yegua and Miocene Completions
• 2022E Net Operating Income: $3.54 million/Year
• Average 93% Operated Working Interest; 80% Net Revenue Interest (8/8ths)
• Net PDP PV-10: $18.5 million | Net PDP Reserves: 228,000 bbl and 12.7 Bcf
• Net Volumes: 40 bbl/d of oil and 2,400 Mcf/d of gas (55 bbl/d of oil and 3,450 Mcf/d of gas Gross)
• 54-PBP Opportunities Offer Low-Cost Production Improvements
• Location Offers Close Access To Gulf Coast Commodity Markets

Process Details:

• Virtual data room to go live on April 18 with bids due May 19.
• Offer instructions and purchase and sale agreement will be posted two weeks before the bid date

For more information, email co-project leads Sara Davis, EAG vice president, at sdavis@energyadvisors.com, or Rich Martin, EAG director, at rmartin@energyadvisors.com.