oil & gas assets

producing propertyMIDCONTINENT NONOPERATED SALE

Producing Property For Sale Through PLS Marketing & Transaction Arm
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MIDCONTINENT NONOPERATED SALE
MIDCONTINENT NONOPERATED SALE
>450 Wells.
ARKANSAS & OKLAHOMA
"OZARK" AREA
Producing From Multiple Formations.
Varying NonOperated WI & NRI
Net Production: ~3,000 MCFD
Avg Net Cash Flow: ~$134,000/Month
Total Proved Net Reserves: 13.2 BCF
Major Operators in Play
OFFERS DUE: DECEMBER 18, 2017
PP 9089
Sale Points
Updates:
11/14/17: Lease Schedule updated in the Land folder.
11/14/17: Well List added to the Well Data folder.

Summary:
Lime Rock Resources has retained PLS Energy Advisors Group to market their Ozark Non-Operated assets located in Crawford, Franklin, Johnson, Logan, Pope, Sebastian and Yell Counties, Arkansas and Haskell, Latimer, Le Flore and Muskogee Counties, Oklahoma.

The opportunity includes over 450 low-declining gas wells with an average WI of 22% and an average ORRI of 3.5% in 140 of the wells. Termed the “Ozark” area due its location in the Ozark Plateau region of the Unitized States, the area has seen highly productive formations including the Borum, Atoka and Turner reservoirs. The assets fall under operators with a strong track record of performance in the region with the largest operator being XTO Energy, by both well count and net production.

Gross production on the properties is currently ~22,384 MCFD (100% Gas) and net production is ~2,900 MCFD. Lime Rock’s internal engineering report shows total proved reserves are 13.2 BCF with a PDP PV10 value of ~$10,000,000. The assets provide a buyer exposure to long-life gas producing assets without the risk of unproven development cost exposure. Lime Rock Resources average net cashflow is ~$134,000/month.

Highlights:
-- Producing from Stacked Multipay
-- Low Decline Gas Production <4% YoY Decline
-- ~134,000/Mn Cash Flow
-- 12 BCF Total Proved Reserves
-- 10 MM PDP PV10

Exposure to Quality Operators:
Lime Rock owns interest under the following operators:
-- XTO Energy
-- Stephens Production Company
-- Ross Explorations Inc.
-- Foundation Energy Management LLC
-- Chesapeake Operating
-- Unit Petroleum Company
-- Kaiser-Francis Oil
-- QEP Energy

CONTACT AGENT:
PLS Energy Advisors Group
Mr. Ross Benoche
Director - Sell-Side Services
One Riverway Ste 2500
Houston, TX 77056
Phone: 713-650-1212
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

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



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