oil & gas assets
Detring Energy Advisors Producing Properties

PP 6212DV ACTIVE DEAL

Producing Properties
* All Standard Disclaimers Apply & Seller Rights Retained

OKLAHOMA OPERATED ASSET SALE

65-Wells. 9,200-Net Acres.
LOCATED IN GRADY COUNTY
Norge Marchand Sand Unit
Produces From Marchand Sand Frmn
10-High Impact Undeveloped Locations.
Holds Average 78% WI (67% NRI)
Net Production: 995 BOED
NTM PDP Cash Flow: $12,200,000
Net PDP Reserves: 3.3 MMBOE
Also Holds 16-Low Risk Return To
Production & Re-frac Projects.
BIDS ARE DUE FEBRUARY 8, 2023
PP 6212DV

Onshore Land Base
Conventional Play Type
DETRING ENERGY ADVISORS - LIME ROCK RESOURCES

Deal Summary

Lime Rock Resources has retained Detring Energy Advisors to assist in the sale of certain operated Norge Marchand Sand Unit assets in Oklahoma.

Highlights:
-- Located in Grady Co., OK;
-- Covers ~9,200 net acres (100% HBP, ~12,000 gross acres);
-- Holds an average 78% WI (67% NRI) and attractive royalty burden ~86% 8/8th NRI;
-- Includes 65 producing wells (59 vertical and 6 horizontal);
-- Produces from the conventional Marchand sand formation with additional reserves coming from overlying formations such as the Medrano, Wade, Cottage Grove, etc;
-- Net PDP Reserves (effective 1-Jan-2023): 3.3 MMBOE (PDP PV-10: $45 million);
-- Net 3P Reserves (effective 1-Jan-2023): 7.1 MMBOE (PDP PV-10: $69 million);
-- Net Production: 995 BOE/d (~48% oil, ~27% NGL, and ~25% gas, ~13% NTM decline);
-- NTM PDP cash flow: ~$12.2 million;
-- Low lifting costs of $12.40/BOE;
-- 10 high-impact undeveloped locations identified for Marchand horizontal development (5 PUD / 5 PROB (40% IRR);
-- Also holds significant pipeline of 16 low-risk return-to-prod. & re-frac projects .

To learn more contact:
Ms. Linda Fair
Phone: 713-595-1004
Email: linda@detring.com

*Disclaimer
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