oil & gas assets

producing propertyLOUISIANA STATE WATERS SALE PKG

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


LOUISIANA STATE WATERS SALE PKG
LOUISIANA STATE WATERS SALE PKG
11-Wells. 367-Net Acres (100% HBP).
MAIN PASS, LAKE FORTUNA &
CHANDELEUR FIELDS
Producing From 7,000 Ft - 7,300 Ft Sands
Significant Recompletion Upside.
Avg 74% OPERATED WI; 55% NRI
Gross Production: 378 BOED (87% Oil)
Net Production: 174 BOED
Avg Net Cash Flow: ~$125,000/Mn
Proved Net Rsrvs: 457 MBO & 738 MMCF
Total Proved Net PV10: ~$10,643,000
Production Facilities Included In Sale
OFFERS DUE: JUNE 29, 2018
PP 4800DV
Sale Points
Summary:
PLS Energy Advisors Group has been retained by Yuma Energy, Inc to market their operated shallow Louisiana state waters assets located in St. Bernard Psh near New Orleans, LA. These assets abide by the rules and regulations of the Louisiana Department of Natural Resources.

Yuma's sale package consists of 73.8% average operated WI and 54.5% NRI in 847-Gross acres (367-Net) 100% held by production by 11-total wells; 5-Duals, 4-Singles, 2-SWD (7-PDP, 5-PDNP) in the Main Pass and Chandeleur shallow water blocks located within 5 miles of the Lousiana coastline where water depths range from 8 -12 ft depending on time of year. 2 of the 5 dual completion wells were converted to single completions within the 7,000 ft - 7,700 ft oil-rich miocene sands with future productive potential retained.

In March, 2018, gross production was 378 BOED (87% oil) and net production was 174 BOED. The assets are currently generating 6-month average net cash flow of ~$124,750/Mn. Netherland Sewell reports year-end 2017 net proved reserves of 457 MBO & 738 MMCF valued at a PV10 of ~$10,643,000. In addition to 3-PDNP recompletion opportunities, there are also 2 drilling locations that add significant upside.(1-PUD & 1-Probable)

Also included in the sale are 2-PDP production facilities that serve as profit centers for Yuma by charging production handling fees of ~$90,000 per year. The average operating cost during 2017 was $29.98/BOE. Yuma's interest ranges from 53% - 100% WI.


TO LEARN MORE
PLS Energy Advisors Group
Mr. Ross Benoche
Director - Sell-Side Services
10850 Richmond Ave Ste 300
Houston, TX 77042
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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All Standard Disclaimers Apply & Seller Rights Retained
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