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White Knight Production LLC is offering for sale its complete portfolio of North Texas assets in the western Fort Worth Basin primarily located in Jack and Palo Pinto counties, Texas. White Knight retained EnergyNet Indigo as the exclusive financial advisor for this transaction (EnergyNet Lot Number 95355).

Overview:

  • Asset Highlights
    • 7.1 MMcfe/d current net production, 60% liquids
    • $1,034 M three-month average monthly operating income
    • 31,112 net acres, 99% HBP
    • Average 99% Working Interest / 77% Net Revenue Interest
  • Stable Cash Flow from Efficient Operations
    • $18.3 million next 12-month cash flow
    • Six-month average netback $4.46 / Mcfe
    • 230 operated wells
    • Full-field gas gathering and SWD systems in place
    • Minimal near-term abandonments
  • Executable Development with Strong Returns
    • One-rig development fully funded with existing cash flow
    • 69 PUD locations with >100% IRR
    • Impactful inventory of uphole recompletions to established zones totaling $35 million PV-10
EnergyNet Indigo Marketed Map - White Knight Production North Texas Portfolio
(Source: EnergyNet Indigo)

Bids are due July 21. The transaction effective date is July 1.

A virtual data room is available. For complete due diligence information visit energynet.com or email Cody Felton, managing director of business development, at Cody.Felton@energynet.com and Reilly Bliton, director of engineering, at Reilly.Bliton@energynet.com.

Onshore