oil & gas assets

producing propertyOPERATED CORE COTTON VALLEY

Producing Property For Sale Through PLS Marketing & Transaction Arm
All Standard Disclaimers Apply & Seller Rights Retained


OPERATED CORE COTTON VALLEY
OPERATED CORE COTTON VALLEY
44-Wells. 6,922-Net Acres.
CORE COTTON VALLEY TREND
RUSK, PANOLA & HARRISON COS.
PDP Gas + PUD Horizontal Infill Potential.
NSAI Engineering Report Available.
Mostly OPERATED WI For Sale.
Anticipated Net Prod: 5-6 MMcfe/d
Total Proved Reserves (YE '17): 71.4 Bcfe
Total Net Proved PV10 (YE '17): $32.9MM
Updated Reserve Report Out
OFFERS DUE FEBRUARY 1, 2018
PP 1240DV
Sale Points
Updates:
01/15/18: A. Reserve Report subfolder has been updated in the 06. Engineering folder in the Confidential section of the VDR. YE 2017 Reserve Report added.
01/08/18: A. LOS subfolder has been updated in the 08. Financial folder in the Confidential section of the VDR.
01/08/18: E. Beckham 7R and Beckham 8 Update have been added to the 07. Operations folder in the Confidential section of the VDR.
01/08/18: B. Revenue Statements subfolder has been updated in 08. Financial folder in the Confidential section of the VDR.
01/05/18: F. Daily Production Reports subfolder has been updated in 06. Engineering folder in the Confidential section of the VDR.
01/03/18: C. Lease and Title subfolder has been updated in 04. Land & Legal folder in the Confidential section of the VDR.
12/19/17: A. Executive Summary has been added to 02. General Information folder in the Confidential section of the VDR.

Summary:
PLS Energy Advisors Group has been retained by Sojitz Energy Venture, Inc to market their East Texas assets located in the core Cotton Valley trend. Sojitz operates in Rusk and Panola Counties and owns additional non-op interest in Harrison and Panola Counties. The assets expose a buyer to a high-quality gas producing asset with significant growth via drilling the horizontal Taylor Sand & Roseberry Sand.

The assets include 44 producing wells on 7,700 gross acres 100% HBP (6,922 net acres), where Sojitz operates 37 wells. A third-party engineering report performed by Netherland, Sewell & Associates, Inc (NSAI), supports a Total Net Proved PV10 of $36,201,400 as of Year-End 2016. An updated reserve report as of YE 2017 will be released early January. Current net production is ~4 MMcfe/d (95% gas) with net volumes expected to reach 5-6 MMcfe/d with the addition of 2 wells to be recompleted late December 2017.

Immediate Upside Program:
The Taylor Sand (Cotton Valley) has significant upside based on nearby activity. There has been active horizontal drilling offsetting Sojitz’s Brady/White Gas Unit in eastern Rusk County, including the Marks-Poovey #1H which came online in January 2015 at 9.4 MMcfe/d (30 day IP). On Sojitz’s Brady/White Gas Unit, there is de-risked infill acreage to drill up to six >5,000’ horizontal Taylor Sand wells (at 1,000’ spacing) which have a normalized 5.3 Bcf EUR/well in the area. Nearby development shows potential of >2 Bcf/1,000’ lateral EUR resulting in 10 Bcf EUR/well. The position contains additional proved locations via drilling vertical Haynesville Lime infill wells.

Sale Process:
Marketing: 12/18/17 – 01/31/18
Offers Due: 02/01/18
Closing: 02/28/18

CONTACT AGENT:
PLS Energy Advisors Group
Mr. Eric Thompson
A&D Team Lead
10850 Richmond Ave., Ste. 300
Houston, Texas 77042
Phone: 713-650-1212
Direct: 713-600-0136
Email: EThompson@PLSEnergyAdvisors.com
Questions Regarding This Asset? Email Eric Thompson or call PLS at 713-650-1212

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Questions Regarding This Asset?
Email: Eric Thompson
Call: 713-650-1212



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