oil & gas assets

producing propertyGULF COAST NONOPERATED SALE

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


GULF COAST NONOPERATED SALE
GULF COAST NONOPERATED SALE
19-Active Wells. 4-TA'd.
CALHOUN, HIDALGO, JEFFERSON,
LIVE OAK, MATAGORDA, WILLACY CO.
Producing From Multiple Formations.
Vertical & Directional Drilling.
Behind Pipe & New Drill Upside.
Varying NonOperated WI & NRI.
Net Production: ~100 BOED (16% Oil)
Total Proved Reserves: 663 MBOE
Total Proved PV10: $3,788,000
SELLER IS REVIEWING OFFERS
PP 8405DV
Sale Points
***OFFERS DUE BY NOVEMBER 17, 2017***

Updates
10/16/17: Updated Accounting Tab in Quicklook in Summary & Introductory Materials folder.
10/16/17: Updated MPC LOS 2017 in the Accounting folder

Summary
PLS Energy Advisors has been retained by Magnolia Petroleum Company to market their NonOperated Gulfcoast assets. Magnolia Petroleum Company has 5.9% - 30.9% Working Interest (4.5% - 24.3% Net Revenue Interest) in a diverse portfolio of 23-wells operated by 10-different companies in Calhoun, Hidalgo, Jefferson, Live Oak, Matagorda & Willacy Cos., TX.

All wells are vertical & directional completions with significant behind pipe & new drill upside. Current 6-Month Average Net Cash Flow is $41,055/Mn for the properties.

Current Operators
-- Crimson Exploration
-- Field Petroleum
-- Marwell Petroleum
-- Prime Operating Company
-- Proline Energy Resourcs
-- Square Mile Energy
-- Suemaur E&P
-- Vantage Operating
-- White Oak Operating
-- XTO Energy

Engineering Summary

Proved Developed Producing
-- 18-cases
-- 51 MBO, 738 MMcf & 46 Mbbls of NGLs
-- Net PV10: $1,622,000

Proved Developed Non-Producing
-- 6-cases
-- 8 MBO, 985 MMcf & 4 Mbbls of NGLs
-- Net PV10: $1,035,000

Proved Undeveloped
-- 2-cases
-- 29 MBO, 1,190 MMcf & 39 Mbbls of NGLs
-- Net PV10: 1,131,000

Total Proved (1P)
-- 26-cases
-- 88 MBO, 2,913 MMcf & 90 Mbbls of NGLs
-- $3,788,000




CONTACT AGENT:
PLS Energy Advisors Group
Mr. Ross Benoche
Director - Sell-Side Services
One Riverway Ste 2500
Houston, TX 77056
Phone: 713-650-1212 and Fax: and Direct: 713-600-0154 Cell: 832-338-2810
Email: rbenoche@plsenergyadvisors.com
Questions Regarding This Asset? Email Ross Benoche or call PLS at 713-600-0154


Questions Regarding This Asset?
Email: Ross Benoche
Call: 713-600-0154



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All Standard Disclaimers Apply & Seller Rights Retained
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