Legacy Reserves LP

Transaction Type
Sellers
Marketers
Post Date
Close Date
Room Opening Date
Estimated Price
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Description

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

Legacy Reserves LP has retained Detring Energy Advisors to market for sale its producing properties and leasehold in the East Binger Unit located in Caddo County, Okla.

The Legacy package offers an attractive opportunity to acquire an operated, low-decline and liquids-rich asset with demonstrated proved producing reserves and operational upside, according to Detring.

Asset Highlights:

  • More than $5 million operating cash flow (next 12 months PDP)
  • About 600 boe/d net production (about 70% liquids)
  • Sub-3% annual decline
  • More than 4 million boe net PDP reserves (18+ year R/P)
  • About $30 million PDP PV-10 value
  • About 7,300 net acres
    • 100% HBP
  • About 3,800 net acres with deep rights offer exposure to the dry gas Woodford and Mississippian plays as horizontal activity expands westward
  • High-quality reservoir over a thick, homogenous 50 ft to 100 ft net pay interval in the Marchand C Sand
    • Additional potential in the Marchand A & B intervals
  • Meaningful upside in operational improvements and high-quality PUD locations

Process Overview:

  • Evaluation materials available via the virtual data room on Sept. 10
  • Proposals due on Oct. 10

For information visit detring.com or contact Melinda Faust at mel@detring.com or 713-595-1004.