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COMPREHENSIVE A&D SERVICES FOR THE OIL & GAS INDUSTRYWWW.OGCLEARINGHOUSE.COM
Non-Operated Working InterestPackage
Texas and New Mexico
Executive Summary
Asset Highlights
The Oil and Gas Asset Clearinghouse, LLC is partnering with Mar Oil and Gas to market a non-operated working interest package that includes 1,844 wells in Texas and New Mexico
• Non-operated working interest in 1,511 producing gas and 4 oil wells in Texas and New Mexico.
• Producing from the Eagle Ford, Mesa Verde, Dakota, etc.
• Operated by Hilcorp, WPX, etc.
• 1.4 / 1.2 % avg. ownership (WI / NRI)
• 272 / 7 avg. daily oil production (gross / net)
• 106,648 / 1,111 avg. daily gas production (gross / net)
• $18,703 / mo avg. net cash flow
Total producing wells 1,515
WI / NRI avg. 1.4 / 1.2 %
Net Daily Production* 7 / 1,111 (bopd / mcfd)
Avg. Net Cash Flow* $18,703 / mo
*Production & CF are last 6 month average
Bids Due September 3, 2020
Private Sale
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Marketed Non-Op Wells
Monthly Production
Monthly Cash Flow
• 1,511 producing gas and 4 oil wells
• 272 / 7 bopd avg. daily production (gross / net)
• 106,648 / 1,111 mcfd avg. daily production (gross / net)
• Producing out of the Eagle Ford, Mesa Verde, Dakota, etc.
• $18,703 / mo avg. net cash flow (last 6 months)
• $175,501 cumulative cash flow (last 12 months)
• $79,879 / mo avg. net revenue (last 6 months)
• $60,879 / mo avg. net LOE (last 6 months)
PDP & Cash Flow Summary
*Production & CF are last 6 month average Click here to launch Enverus Workspace
Private SaleBids Due
September 3, 2020
DJR Operating
IKAV
Enduring Resources
Logos Operating
Enervest
Morningstar Partners
High River Resources
Mustang Resources
Hilcorp San Juan
San Juan Resources
Rosa Unit 640H; 8-Dec-2015Logos OperatingMancosIP24: 152 MCF/d (100% gas)Lateral length: 1,952 feet
Rosa Unit 643H; 6-Dec-2015Logos OperatingMancosIP24: 134 MCF/d (100% gas)Lateral length: 1,952 feet
San Juan 29 6 Unit Com 601 001H; 18-Feb-2019Hilcorp Energy CompanyMancosIP24: 1,493 MCF/d (100% gas)Lateral length: 6,821 feet
Rosa Unit 641H; 5-Dec-2015Logos OperatingMancosIP24: 174 MCF/d (100% gas)Lateral length: 1,952 feet
Rosa Unit 077C; 24-Sep-2015Logos OperatingDakotaIP24: 996 MCF/d (100% gas)Lateral length: 434 feet
San Juan 28 5 Unit 085E; 21-Jun-2019Hilcorp Energy CompanyDakotaIP24: 369 MCF/d (100% gas)Lateral length: 679 feet
Operator Presence in the Vicinity of the Rio Arriba PropertiesHilcorp Energy Company’s San Juan 29 6 Unit Com 601 001H well, with a lateral length of 6,821 feet, achieved an average IP24 of 1,493 MCF/d in February 2019
San Juan 28 6 Unit 143; 15-Mar-2018Hilcorp Energy CompanyDakotaIP24: 189 MCF/d (100% gas)Lateral length: 723 feet
San Juan 28 7 Unit 190F; 20-Mar-2018Hilcorp Energy CompanyMesaverdeIP24: 115 MCF/d (100% gas)Lateral length: 813 feet
San Juan 28 6 Unit 115; 3-Sep-2019Hilcorp Energy CompanyDakotaIP24: 411 MCF/d (100% gas)Lateral length: 791 feet
Logos Jicarilla 024D; 27-Jan-2016Logos OperatingGallupIP24: 104 MCF/d (100% gas)Lateral length: 10 feet
Footnotes: Select wells within a 20-mile radius tested post Jan-2015
Mar Oil and Gas
Source: Enverus
Click here to launch Enverus Workspace
Private SaleBids Due
September 3, 2020
Private Equity Presence in the Vicinity of the Rio Arriba Properties
Mar Oil and Gas
Source: Enverus
LOGOS Resources II LLC LOGOS Resources II LLC received an initial equity commitment from ArcLight Capital Partners LLC and its management in Jul-2016. Commitment ($): $150 millionBrief: ~270,000 net acres in San Juan basin with 90 MMcfe/d production; acquired primarily from WPX and Energen.
DJR Energy LLC DJR Energy LLC received an initial equity commitment rom Trilantic Capital Partners, Waveland Energy Partners LLC, and its management in May-2017.Commitment ($): UndisclosedBrief: ~350,000 net acres in San Juan basin.
Hilcorp San Juan LP Hilcorp San Juan LP received an equity commitment from Carlyle Group in Jul-2017. Commitment ($): UndisclosedBrief: San Juan Basin focused company; assets acquired primarily from ConocoPhillips and ExxonMobil.
ArcLight Capital Partners Carlyle Group EnCap; AEC Partners Trilantic Capital Partners; Waveland Energy Partners; Global Energy Capitals
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Private SaleBids Due
September 3, 2020
Historical Transactions in the Vicinity of the Rio Arriba Properties
Source: Enverus
Mar Oil and Gas
Footnotes: Select transactions announced post Jan-2018Transacted properties may include acreage not visible in snapshot
Mustang Resources Inc – Koch Industries Inc; Aug-18Deal Type: PropertyDeal Value: UndisclosedAssets: 12,733 net acres (85% HBP)
80 net horizontal locations
High River Resources LLC – Harvest Oil & Gas Corp; Feb-19Deal Type: PropertyDeal Value: $42.8 millionAssets: 23.7 MMcfe/d production (42% liquids)
during the first nine months of 2018
IKAV – BP; Nov-19Deal Type: PropertyDeal Value: UndisclosedAssets: ~567,000 net acres
~102 Mboe/d Production during 2018
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Private SaleBids Due
September 3, 2020
Developmental Activity in the Vicinity of the Rio Arriba Properties14 drilling permits have been approved within a 20-mile radius of the marketed assets since January 2019
Footnotes: [1] Permit Activity heatmap for the last 6 months and approved permits within a20-mile radius of the marketed assets during the last 6 months
[2] Permits approved within a 20-mile radius of the marketed assets
Mar Oil and Gas
Source: Enverus
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Private SaleBids Due
September 3, 2020
EDR Open
Bids Due
Sale Process
• Electronic data room available August 6, 2020
• Bids due September 3, 2020
• Bid instructions available in EDR
For additional questions or information, please contact our team:
Oil & Gas Asset ClearinghousePhone: (281) 873-4600
Email: [email protected]
Mar Oil and Gas (“Company”) is selling non-operated working interest in Texas and New Mexico . Oil & Gas Asset Clearinghouse, LLC (“Clearinghouse”) is the exclusive technical, marketing, and transaction advisor for this sale. The Company and Clearinghouse make no representations or warranties, either express or implied, as to the accuracy or completeness of this information or its suitability for any purpose. The sales process contemplated herein is not exclusive. The Company and Clearinghouse reserve the right to withdraw all or any portion of the assets or change all or any terms of this sales process at any time without notice to any potential purchaser.
Colt StandeferEngineer
[email protected](972) 556 - 3826
Matt StowersTransaction Manager
[email protected](832) 601-7657
Bo WangerBusiness Development
[email protected](972) 302 - 4930
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