Shoreline Energy LLC

Transaction Type
Sellers
Marketers
Basin
Gulf of Mexico
Post Date
Close Date
Estimated Price
MM
Description

Shoreline Energy LLC has retained Evercore Partners to sell certain assets along the Louisiana and Texas Gulf Coast.

The package includes approximately 94,000 gross acres (56,000 net) in a mix of primarily onshore and inland waters assets. The assets are 85% operated and 93% held by production.

Production is 4,137 barrels of oil equivalent per day. Proved reserves are 27.4 million barrels equivalent, proved and probable reserves are 47.4 million barrels equivalent and proved, probable and possible reserves are 63.9 million barrels equivalent. Net cash flow is more than $7 million per month.

Upside includes high-impact drilling potential, much of which would generate follow-up wells not modeled.

The bid due date is May 3. The effective date is April 1. Contact Lance Dardis, 713-427-5130, lance.dardis@evercore.com.