Excalibur Resources LLC

Transaction Type
Sellers
Marketers
Basin
Anadarko Basin/Penn Sands
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

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.

Excalibur Resources has retained Stephens Inc. as its exclusive adviser in connection with the offering of its Anadarko Basin Penn Sand assets in Dewey, Custer, Blaine, and Caddo counties, Okla.

Asset Summary:

  • Thomas Package (9,066 Net Acres|85% HBP)
    • Red Fork: 302 boe/d (Net) | 65 Horizontal Locations
  • Hinton Package (11,528 Net Acres |60% HBP)
    • Marchand: 185 boe/d (Net) | 97 Horizontal Locations
  • Aledo Package (8,983 Net Acres|66% HBP)
    • Cleveland: 61 boe/d (Net) | 19 Hz. Locations
  • Custer City Package (23,841 Net Acres|33% HBP)
    • Red Fork and Cottage Grove: 112 boe/d (Net) | 50 Horizontal Locations
  • Emerging Horizontal Shallow Oil Play
    • 53,000 net acres in the Red Fork, Marchand, Cleveland and Cottage Grove formations with over 200 highly economic upside locations
    • Proof of concept horizontal drilling in and among producing vertical wells
    • Turn-key leasehold with ample access to D&C services, oil pipelines, gas processing, and other infrastructure, ensuring reasonable development cost
  • Large Scale Horizontal Development Opportunity
    • 231 Gross (83 Net) highly economic locations
    • $52 Million of PV-40
    • Upside well internal rate of returns range from 45% to 100+%
    • Total Net Reserves of 31.3 million boe
    • Favorable Oil & NGL pricing environment
    • 2018 drilling has further de-risked Red Fork, Cleveland, and Marchand locations
  • Established Reserves and Cash Flow
    • Last 12 Months Average Monthly Net Cashflow: $570,000
    • Second-Quarter 2018 Average Net Daily Production: 660 boe/d
    • Proved Developed Producing (PDP) PV-10 Value: $19 Million
    • Net PDP reserves of 1.8 million boe
    • Recently drilled horizontals proved pressured reservoir conditions despite older vertical producers

Bids are due Nov. 14. For information visit stephens.com or contact Gregory Green Jr., associate with Stephens, at gregory.greene@stephens.com or 214-258-2754.