Professional Documents
Culture Documents
Prospects & Properties
Prospects & Properties
Prospects & Properties
3
–e&p
Pls, inc., P.o. Box 4987
houston, TX 77210
PROSPECTS & PROPERTIES a current compilation of prospects, properties, overrides for sale and promotional insight.
HAYNESVILLE SHALE POSITION came online at a 24-hour rate of 10.3 flat oil projections for
100% OPERATED WI; 75% NRI 3 years are “incompetent.”
Surrounded By Large Independents.
Range still on track to drill 60 Marcellus “Forty-dollar oil is unsustainable,” he
CALL PLS FOR DATA PACKAGE
DV 5753L
wells this year. said. “Mark my words – oil is headed
back to $100 in less than 18 months for a
FORT BEND CO., TX PROSPECT MMCFeD. Of the last 11 Marcellus number of reasons, including all the
2-Possible Wells. 121-Acres. wells announced, four had initial rates political risk inherent across the globe.”
ROSENBURG (10 PAYS) of 9.9 MMCFeD or more, with the best Economides also showed a number
Obj 1a: Frio Sands. 4,620-5,600 Ft. flowing 24.5 MMCFeD. of political cartoons from his Energy
Obj 1b: Vicksburg. 6,270 Ft. In addition, two vertical delineation Tribune publication to make his points
Obj 2: Frio Sands. 5,020-5,340 Ft.
Defined By SubSurface Geology.
wells in the northeast part of the play and add some levity. One of the audi-
Some Offset Or Area 2-D Seismic. came online at 6.3 and 2.3 MMCFeD, ence’s favorite slides was one showing
100% OPERATED WI; 75% NRI the former being the highest reported Putin and Chaves superimposed as 800
Wells FARO 322-2,036 MCFD 24-hour rate from a vertical Marcellus lb gorillas “on $100 oil.”
Initial Flow Rate of 750 MCFD well to date. Then he showed another slide of 80
Est Well Reserves: 1.5+ BCF Since last October, Range has con- lb chimpanzees hanging upside down
Est Proj Reserves: ~10.6 MBC & 6.5 BCF
DV
nected 13 Marcellus horizontals to its from a tree with a caption that read,
9-Individual Frio Sands Plus Vicksburg
Drill & Complete: $1,124,000 new gas processing facility. Another 14 “This is a picture of Putin and Chavez
READY TO DRILL - CALL PLS FOR INFO wells, including seven horizontals, have on $40 oil.” The point was obvious.
DV 5208 been fraced and are awaiting processing Economides said neither Putin nor
capacity, which is expected to expand Chaves would want to hang upside
from 30 to 60 MMCFD in April. Photo courtesy of Larry Lee Photography – www.larrylee.com down for very long.
ProPerties for sale RangE continues on page 22
anadarko sets $4.5 billion capex EconomidEs continues on page 15
PP
Net Proved Rsrvs: 8.2 MBO & 5.9 BCF Prevost 3-16H (Richland Co., 83% WI) sits in 4,150 feet of water and hit 110 feet of net pay in three 2007. This year, average IP rates have risen
Net Proved PV(10): $9,153,571
initially flowed 507 BOEPD, while the Middle- and Lower-Miocene sands. Both the GC 606 #1 and the GC to 2.9 MMCFD. Southwestern has 22
Engineering Updated March 13, 2009
NEW ENGINEERING REPORT Rita 3-19H (79% WI) tested at 412 562 #4 wells are expected to be completed and on production by the drilling rigs running in the play.
PP 4231DV BOEPD. conTinEnTal continues on page 4 end of this year. anadaRko continues on page 19 souThwEsTERn continues on page 15
HAYNESVILLE ACREAGE With Lasso, lock in TGS’ program rates on digital LAS well data from our US collection, growing
14,747-Gross, 5,400-Net Mineral Acres. at an unprecedented pace to more than 500,000 wells over the next several months. LASSO
FANNIN & LAMAR COUNTIES strengthens your exploration projects with the higher-order capabilities of increased digital well log
Lands Contiguous With Good Access use. LASSO digital data from TGS, the industry’s well log data leader, is quality controlled and available
rr
-- to F.M. & County Roads. online for immediate downloads.
MINERALS FOR LEASE OR SALE
For more information about LASSO, contact your TGS account representative or call 1 (888) LOG-LINE.
Multiple Pipelines Transverse Acreage.
OWNER/SELLER SEEKING OFFERS
RR 3926L
PAGE 2 MARCH, 2009
SIGNWU!P
package details to listingmgr@plsx.com. Listings generate new leads outside a 3,800-ft. lateral in the Turner sand-
stone, and completed it with a seven-
!!
your traditional
NO
circle of con- stage frac. The well should begin
212
tacts by intro- www.plsx.com producing in March. Drilling and re-
3.650.1
Call 71-u at ducing you to completions also continue on a number
r sign p onlinem of non-operated wells in the Rockies
o .plsx.co new players;
www and Midcontinent.
they may not
buy your cur- Abraxas drilled or participated in 50
rent deal but the new wells in 2008, for a 100% success
A&D Transactions + MarketAlerts 595/yr
$ introduction rate and volumes of 649 BOEPD.
Asset newsletter published 18-20x/per year covering the active property and
may result in a
override marketplace. Includes who bought who and what they paid. long-standing
A&D’s sister product, the MarketAlert is available by email. Contains updated relationship for Evolution drills two
news, analysis and insight on the A&D marketplace. future deals.
On the edito-
giddings field wells
Prospects & Properties + ProspectCentre $545/yr rial side, our
Evolution Petroleum completed
the Hilton-Yegua #1RE (100% WI) as
A monthly newspaper on the E&P market with drilling and discovery news. Each team of editors continues to make sure every newsletter and MarketAlert we a re-entry into an existing well in
issue carries 200-400 listings of prospects, farmouts and properties for sale. publish is full of actionable, must-read industry news and insight. We have Burleson Co., Texas, in the Giddings
Prospect members also get the ProspectCentre, an E&P focused electronic many new products that we hope to put in full production mode this year – Field. The well flowed 4.0 MMCFD
report published as an email update to the P&P. It includes late breaking news, including our new QuickPrice newsletter, which analyzes commodity price and 237 BOPD on its first day of pro-
/
analysis and prospects for sale. movements and prevailing deal metrics; as well as our emerging Capital duction and averaged 3.0 MMCFD
Markets newsletter, which will help you make sense of the oil and gas indus-
CapitalMarkets $395 $445/yr try in an increasingly volatile economic environment.
and 146 BOPD over the first eight
days. The re-entry included drilling a
This newsletter is published every 2-3 weeks and covers the energy finance Not familiar with the nitty-gritty of how PLS works? Inside, new members new vertical section from 3,000 ft.
sector with news on budgets, banking and sources of capital. Report includes will find a couple of columns that explain our business model, how to use the depth to 10,500 ft. TVD, and then
timely interviews with capital providers. service and where our listings come from. Besides this 24-page report, buyers drilling a 3,000-ft. lateral in the Austin
can also access listings at our website at www.plsx.com. From there, buyers and
MidstreamNews 345/yr
$
sellers can review listings and order packages. You can also review featured
Chalk Formation.
In late January, Evolution com-
PLS’ midstream newsletter is published every 3 weeks and covers transactions, packages being offered for sale through PLS’ marketing arm. Further, you can pleted the Pearson #1RE (100% WI)
activities and market moves. The product compliments PLS’ E&P and A&D use our Archived News File to search and seek industry terms, plays, stories and as a re-entry in the same field. The
publications and is a must-read for oil and gas executives.
companies. PLS has gone back over the past 20 years and updated our website well has averaged 1.25 MMCFD and
✓
QuickPrice (w/any other 2009 subscription)
PLS’ newest report will be published every Monday morning beginning June
Free with stories from past issues.
Our current members already know that there are plenty of reasons to have a
48 BOPD over its first eight days. The
re-entry included drilling a 3,500-ft.
solid relationship with PLS. We provide a fantastic way to reach key industry lateral in the Georgetown Formation at
2009 and covers the prior week’s moves regarding pricing, hedging and trading.
Recaps Nymex, current transactions and polling results.
players, whether you have news to share or are interested in buying or selling a 10,500 ft. TVD.
property. If you need industry research, we offer a user friendly, economical way The average initial gross rate of
Bundled Reports + Web Offer 295/yr
$ to access it. Under one roof, we offer a one-stop shop for news exposure, mar- almost 580 BOEPD for these two re-
keting and A&D services, and listings. entries is more than double the initial
I already signed up for OR receive two (2) or more reports, please UPGRADE me
for the web!
Call us for more information about any of our current services, and keep an rate Evolution averaged on the first
eye out for more to come. seven wells it placed on production in
Web Membership 495/yr
$ the Giddings Field last year.
PLS offers clients full web access for streaming/archived news and listings.
Certain premium services include the name change database, public company
presentations, financial data and a transactional database. HOW TO USE
This glossy newspaper includes the latest Editor
2009 Specials & Bundle Options November 1, 2007 • Volume
18, No. 9
crossed
budgets while also carrying ~400 latest explo-
Rockies producers keeping fingers
Check any 2 boxes and get the PLS web for free.
will
KathyClark
pleted transactions with two expects that trapped production a
it by REX may start next year with
major oil companies in its look for a home and will find in the meantime,
(kclark@sbcglobal.net)
of our organic program,” said Dan
O. pipeline east to Missouri sometime
CEO.
Dinges, Chairman, President and Ohio in 2009.
“the pipeline will export the Rockies
over-
Bentek CEO Porter Bennet anticipates
Listings
the
with rights down to and including
a bumpy ride
Stone gets back on track after
ups
James and Pettet formations. This
Cabot’s County Line holdings to 26,000
gross acres at an average WI of 92%. approach
finance executives.
“Initially, we expect about 50-70 for nies facing a credit crunch
that need
horizontal James opportunities on
this Stone Energy may be headed out there
years cash. One of the dirty secrets
additional acreage alone,”
stated Photo courtesy of Larry Lee
Photography – www.larrylee.com
calmer waters after a rough two is that a lot of these resource plays
are
reserves
Gulf losing rigs to international
exist-
Dinges. “Combine this with our in the public eye. Some of
tonyMotto
to heavily cash negative to start.
ing acreage, and the James location In 2007 it plans to allocate capital nega-
them require up to six years of a
inventory is increased to 170-220
loca-
since 2006 lower-risk projects; drill high-probabil- tive cash flow in the beginning. So, we
Pettet Regional rig count falls by ~20 rigs production; divest
tions. A similar inventory of say ity wells; maintain
locations has also been identified, of Mexico is declining because operators selected properties;
Drilling for oil and gas in the Gulf – often
which will be exploited as our
infra- in places where the reserves are larger reduce debt; and, gen- “We’re coming off of a fairly turbulent
PROSPECTCENTRE
Dinges said the “stage is set”
County Line to be a meaningful area
operation for Cabot.
for
has received
drilling in an area, and for 2007 to-date,
of “intended” just 27 applications for permits for shallow-water drilling – a light
ure compared with last year’s 76.
Also in East Texas, Cabot secured 2006. Railroad Commissioner Elizabeth Ames
28,000 acres in the
Deepwater permits have also pulled
(rbenoche@plsx.com)
years overseas, while securing a contract
5$-$!. #(1".4$07
high bid on 16 offshore
Rapid expansion in Piceance targets 1.0 BCFD seven
and stringent government regulation actual production apparent
SOUTHEAST TEXAS OPPORTUNITY become a challenge. Hefty insurance premiums Integrated oil major Anadarkooil). Since February, blocks. The acquisitions add ~85,239
the Gulf.
to make it in announced
operators trying has met or exceeded original forecasts. to
DV
Can Deliver 76-78% NRI is steep.
GOM Lease
wellswell
net pay.
“business as usual” andSeller long-term focus. come online, the decline curve for theseThe
demand recovers – the major said would
AdverTISING
SEEKS OPERATOR and/oraPARTNER followed by
QuickLook new Chevron ($283 million),
may be slowing down, its thirst for
record $45.2 billion and cash flow
ARM ($211
calls the move “market manipulation”
HANDLED BY PLS' MARKETING
lat- Marathon ($222 million), Cobalt
Beau Kelley
rig
EAST TEXAS SALE PACKAGE will also reduce its operated drilling of the focus was on deepwa-
+.5 #$!2
Chesapeake analysts at Tudor Pickering 1983. Most
of millions of barrels worldwide,” wrote
to 140-145 rigs “The of all The sale brought in $2.9 billion
!3#&$2 (-"0$ 1$8-Wells; 5-Locations. from current levels of 155-160 rigs ter plays, which received ~90%
about 4.0 MMBOEPD, compared to
3.9 MMBOEPD in 2008. Longercount activity will
#$1/(2$ & Holt.
which
drillingMMBOE
thinkingin 500 ($5.2 billion exposed) overall,
high bids, signaling that E&P companies
, 0*$2 ".-#(2(.-1 FREESTONE by the end of 2007.
PP
Prospects lower the company’s
/$6 /$0Acreage Incl1.5
the company hopes to add another
Undeveloped won’t start
added. that today’s high price of oil
but more is needed to understand
40%-90% OPERATED WI For Sale ($1 billion) each of 2008 and 2009.the field
+ -1 !(++(.- " MMBOEPD by 2015,inalthough size,” the analysts projec-
growth during 2007 has exceeded
this
7$ 0 .4$0 -$62 %(4$ 7$ 25%-40%
01 NonOperated WI goal is contingentBecause Chesapeake’s production Appraisal increase to sink anytime soon.
of half blocks in water depths of 800 to
1,600
expects to meet its production guidance The sale brought in $2.9 billion
(bkelley@plsx.com)
& 2,335 MCFD
upon other compa-
Production: 11 BOPD the company $940 per acre
4.+3,$ Gross spending tions, however, year.move prompted Connecticut ($5.2 billion exposed) overall, which feet, and bids averaging
is planned in the second
0&$21 Net Production: 1,220 MCFeD
&0.52'
and 14-18% for of the The
2008. from $252 per
nies’ plans, said Mark Albers,
head of Exxon’s18-22% for 2007 gas price manipulation and to years’ – up a staggering 273%
Est Cash Flow: $250,000/Mn
Governor M. Jodi Rell to accuse TheofTweneboa-1
Chesapeake compares well to the last ten acre at last year’s Central Gulf Sale
–
upstream business.
ARM
HANDLED BY PLS' MARKETING
("$ -"$ ' 1$ 1'.3+# 0 ,/
average of $460 million. Eighty-two in water depths exceeding 1,600 feet.
well, on the deep-
request the chairmen and ranking
came[of
and the environment.
“This practice
66.-91 " 1' %+.5 2.//$#
of U.S. Ridge 7 in 1,600-2,000 feet of
5-Wells. 1-New Well. 485-Acres. is an unconscionable fleecing SOUTH TEXAS - RRC 1, 2 & Walkerto drive sale’s third highest spender – emerged
Its record third.
‘elect’ to reduce production in order
!(++(.-
4 – the company also led the way
LOGANSPORT FIELD citizens by natural gas suppliers who water on the scene as the highest spending
numerical code.
projects such as Qatar II Train Saxi/Batuque, 77B (CA6F5E;A@
Jerneh, Volve and ACG Phase II. A further nine major projects are expected to com- +:3>>AH +3@6D (CADB75E;G7
sEniorEditor
mence production in 2009, adding another 485,000 BOEPD. One of those projects +7;D?;5 .' A@8;C?3E;A@
is in the U.S. Rockies – Piceance Phase I in Colorado, which should produce 200 '( * , /! &*!
MMCFeD, according to consultants Bentek Energy. CONTINUES on page 3 DE *7D7CG7D /7>>
DE *7D7CG7D (CA<75E
Exxon continues to outperform the market and its peers $$ & !& * '* %'* !& '
"
Bertie Taylor
$K
Shareholder returns SOUTHEAST TEXAS - RRC 3
(btaylor@plsx.com)
$1,000 invested Competitor Average*
9 77B7@;@9 '8 E 3D76 A>7 N
S&P 500 N F>8 &A 3?;>> 3?;>>
CorporatEdEsign
Signature of Cardholder
codes at which point PLS will process a mem- Chinh Nguyen
ber’s request. The A&D Transactions does list (chinh@plsx.com)
houston | calgary
some lands (L) and prospects (DV) but the
✗ Date / / P.o. Box 4987 emphasis is on asset sales
divestpro
richard Martin
Email Company houston, TX 77210 PLS also publishes various Market Alerts (rmartin@plsx.com)
Phone: (713) 650-1212 (various themes/analysis) and DealAlerts CEo,pLsinc.
Fax: (713) 658-1922 (listings only) to supplement the monthly ronyld Wise
Billing Address listingmgr@plsx.com publications. (rwise@plsx.com)
*Make check payable to PLS, Inc. Insert “P&P sign-up form” on memo line. Copyright Notice
Federal copyright law prohibits unauthorized reproduction by any means and imposes fines of up to $100,000 for violations.
For additional reports, email Beau Kelley: bkelley@plsx.com.
Fax Back: 713.658.1922 OR 713.600.0197
Call: 713.650.1212 OR email bkelley@plsx.com
Mail to: P.O. Box 4987, Houston, TX 77210
~500 Listings Inside – No Commissions
Call PLS: 713-650-1212 To Learn More About These Deals.
PP 4005AU DV 3980L accounted for 52% of production, the Rockies 41% and East Texas 7%. CAPITALMARKETS
Serving the Property & Prospect Marketplace with Capital Insight, & Market Opportunities.
ALERT
Berry spent $398 million on E&D last year to drill 452 (381 net) wells. Proved
+ '-* /"&, * ' "$$")-" ",1 "&&"& ,' ,! / SOUTH TEXAS - RRC 1, 2 & 4
Petrohawk, Chesapeake issue $1.6 billion in bonds: EPL’s cold shoulder " " $ %
The public capital markets for energy companies, particularly the debt mar- 08??F
kets, are beginning to show some much-welcomed signs of life. It’s a stark con- /"' +('
reserves rose 45% from y/e 2007 to 246 MMBOE. This year, Berry will keep vol-
trast to those dark days of Fall when it seemed like the entire S&P 500 was rid- &H?G<C?8 .CF<78 (CCBEGHA<G<8F
ing into the valley of death. 0" I4<?45?8 '+"
'8G )EB7H6G<BA &
A d it seems to have gotten warmer on January 23 when
&
c
umes flat despite lower capital spending of $100 million. The budget allots $51 mil- Read the latest S
lion to California, $35 million to East Texas and $14 million to the Rockies.
capital news & insight at
! + ( #
',!
'- $
,*'! /#
- ,+
www.plsx.com
T
W
www.chkenergy.com www.oxy.com landrigclearinghouse.com www.phdwin.com www.lasserdata.com
Photo courtesy of Larry Lee Photography – www.larrylee.com A
Gold Key Sponsor Black Gold Sponsors Wildcatter Sponsors Event Sponsors Supporting
Organizations
Conference Organizer
Since its inception in early 2004, Matagorda County that is an extremely and production wells. We have a fairly
Endeavour international corp. has
Endeavor’s Objectives deep well that crossed multiple intervals. firm drilling program in place, it is just a
transformed from a start-up entity to a Most of the drilling is routine, except matter now of working with our partners
1. Initial entrance onshore Texas
balanced oil and gas com- when working in very deep areas with and evaluating the results of what is
pany, becoming one of the 2. Prospects planned Alligator very high temperatures. That can affect already drilling. We’ll move as quickly
most active independents in Bayou & Garwood the performance of the equipment. as we can.
the North Sea, with a strong What we were finding is that some We plan to initially develop the
3. Lower finding cost Cochran discovery by drilling two devel-
production base that gener- foreign companies that have been drilling
ates significant cash flow. 4. Higher pre-drill reserve deeper in the Gulf of Mexico, particularly
In late 2008, Endeavour transferred potential the deep shelf plays, are moving back
some of that cash flow to the United onshore because the plays are similar
States, launching an onshore exploratory 5. Lower tax rate and NOLs to those being drilled in the deep shelf
campaign in South Texas that resulted in 6. Shorter cycle time, from areas of the Gulf of Mexico. In our case,
a discovery and first U.S. production. discovery to production the wells are comparable to the high Of The E&P Sector
Endeavour has than North Sea pressure, high temperature wells that
two prospects in we drill in the United Kingdom sector
South Texas – 7. Recent downturn provides of the North Sea. The two areas do opment wells, and then taking it from
Alligator Bayou opportune time not completely correlate, but there are there based on the results. For the
and Garwood, similarities between what we are doing Alligator Bayou prospect, we’ll wait until
8. Strong capital position
where the com- in both places. we get the final results of our initial well,
pany’s Cochran 9. Increased deal flow the Armour Runnels ST #1, before decid-
#1 well recently Pls: what kind of stake does ing what to do, but we think we can drill a
10. Successfully drill 13 wells Endeavour have in its south Texas
flowed number of wells there going forward.
in 2009 activities, and what are the net
6.2 MMCFD You can assume that in the first year,
and 96 BOPD. 11. 3 appraisal and 10 exploratory drilling costs to the company? we will fund our South Texas drilling with
Endeavour plans cash flow from our North Sea operations
Endeavour: We have not operated
because there is no cash flow from the
William Transier, CEO at least eight any wells in Texas to date, although we
additional explo- U.S. yet. Our tax NOL will offset any rev-
have operated wells in both the United
ration wells in the region this year. The Endeavor at a glance Kingdom and Norway. In South Texas,
enues. It will be basically tax free income
company has also spud a well at Alligator in the U.S. that is small but growing. As
we have teamed with very competent
Bayou that reached 24,000 ft. and is now 1. 2008 discretionary cash flow our cash flow in the U.S. grows, we will
partners, one being El Paso Corp.
flow testing. $130 +/-million use it to move forward.
Endeavour is headed by CEO William Pls: will Endeavour look to make
Transier, who also co-founded the com- 2. 2008 ending cash balance We will spend $15 to $30 million in
$60 +/-million any acquisitions in the united states
pany in 2004. Previously, Transier served the U.S. this year to drill between eight
and 10 wells. this year?
as EVP and CFO for Ocean Energy and 3. Valuable hedge position at
Endeavour: The answer is yes.
$80 oil (4Q08 gain in excess
There is a real disparity between what oil
A successful oil and gas company is not of $100 million) Our costs depend on a number of and gas properties are selling for today
built by drilling a few individual wells but 4. 2008 production at higher factors. Our working interest averages in the United States versus what they’re
by creating a niche position or play. end of forecast range
range from 10% to 25%. Well costs differ selling for in the North Sea. We are a
dramatically depending on the depth of company that is clearly stable financially,
8,900+/-boepd
the well. The Cochran #1 well only was and we have cash and are generating
was part of the management team that
5. Successful E&A process drilled to about 17,000 ft. so our net costs cash flow that gives us the opportunity
spearheaded the 2003 merger between
12 consecutive successes were around $3.0 million. We hold a to pursue the right transactions.
Ocean and Devon Energy that created
20% interest in that well. A successful oil and gas company
the largest independent oil and gas 6. Recent launch of onshore The Alligator Bayou well was drilled
exploration and production company in U.S. exploration campaign is not built by drilling a few individual
to a total depth of almost 25,000 feet. It wells but by creating a niche position or
the United States.
7. 2P reserves of 35 mmboe is a much deeper well and therefore a play. We continue to look to add to our
Recently, PLS caught up with Transier
much more expensive well, but we only portfolio in a significant way through
to discuss Endeavour’s transition to 8. Sustainable, self-funded hold 10% interest. The total net cost either business development or via
South Texas and what the company has business model for that well will be around $4.0 to $5.0 merger and acquisition opportunities just
planned for 2009.
million. We will continue to try to spend as we have done in the North Sea. This
Pls: why did Endeavour choose somewhere between a half a million business requires scope and scale, and
to expand from the north sea into almost $60 million in tax NOL available and $5.0 million for these wells, because you can’t do it fast enough through
south Texas? to us. Plus we already had our office a company our size does not need to organic growth.
here in Houston. expose itself to $10 or $20 million in a We will be opportunistic and do what
Endeavour: Basically for two rea-
single project. makes sense for us. We look for M&A
sons. One, we wanted to balance our Pls: how is Endeavour adapting
portfolio between our offshore assets its drilling techniques to succeed in Pls: how much capital spending activity that allows us to gain extra capital
in the North Sea, which require a higher will Endeavour allocate to u.s. opera- and a property position in which we can
south Texas?
cost and longer-cycle time to develop, tions in 2009? put that cash and capital to work to
and onshore properties in the United Endeavour: About a year and a half expand more quickly. We’re not neces-
States that require much less cost ago, John Williams joined our company Endeavour: We have approved a $90 sarily confining ourselves to South Texas.
per unit and offer shorter lead times from ConocoPhillips to run our explo- million capital budget this year and will With that said, we recognize that a small
to production. ration program. He has a lot of experi- spend upwards of one-third of that budget A&D company is not in a position to pio-
Second, because of the way ence around the world and had worked in the United States. We also have sev- neer new technical developments to a
Endeavor was formed by backing into a for a number of different companies eral developments moving forward in the particular play or area. That requires a
company with a net operating loss (NOL) drilling in South Texas. Our first well, United Kingdom and one fairly significant bigger company than we are now. We
that carried over for tax purposes, we the Cochran #1, was placed on produc- exploration project in Norway. seek opportunities and properties that
have significant unrecognized tax benefits tion during flow testing. Now that is You can expect us to spend between complement our assets, expertise and
that improve our economics. We could quick turnaround. We are currently flow $15 and $30 million in the U.S. this year balance sheet. That’s how we are build-
do a great deal of work tax free with testing the Alligator Bayou prospect in and probably drill eight to 10 exploration ing value.
Sourcing Capital.
Energy Finance.
PLS’ Capital Markets Group sources capital and provides
strategic advisory services to both public and private companies.
Contact us today in order to discuss potential opportunities.
e&p
PAGE 8 MARCH, 2009
E&P Briefs SOUTHEAST TEXAS EAST TEXAS MULTIPLE LISTINGS FOR SALE
• admiral Bay Resources
reached its previously stated goal of
4.0 MMCFD of gross sales from its WALKER CO., TX PROSPECT SALE CHEROKEE CO., TX PROSPECT HARRISON & MARION CO., TX LEASES PANOLA & RUSK CO., TX ACREAGE
20 To 30-Potential Wells. 1,097-Acres. 2,010-Gross & 1,925-Net Acres. 1,510-Mineral Acres For Lease. 14 Units. >4,000 Net Deep Acres.
Kansas projects. Admiral installed three 18,911-Acre Option.
electric compressors and is adding COTTON VALLEY 3-6 BCF HAYNESVILLE SHALE TREND MINERALS CARTHAGE AND MINDEN FIELDS
Significant Horizontal Opportunity Haynesville Shale. 13,000 Ft. Majority Of Acreage Covers All Depths— HAYNESVILLE SHALE OPPORTUNITY
new third-party gas production in its Obj 1: Georgetown. 11,900 Ft. 98.5 BCFE 100% Working Interest Available. — Some Limited To Below Cotton Valley. — Majority HBP Acreage TRADE/SELL
Shiloh project. Admiral has also com- Obj 2: Buda. 11,750 Ft. Est Reserves: 3.0-6.0 BCFG/Well Seller Will Deliver 75% NRI. 100% OPERATED WI; 75% NRI
pleted the expansion of its gathering 2-D Seismic & SubSurface Geology. DHC: $704,500; Compl: $693,000 CALL SELLER FOR ADDITIONAL DATA Seller Looking To Trade/Sell Deep Rights.
system and connected 15 new wells 100% OPERATED WI; 75% NRI — Deepens Existing Well To Haynesville. M 5609L CONTACT PLS FOR INTRODUCTION
to sales at its Mound Valley project. Est Reserves/Well: 250 MBC & 2.5 BCF OPERATOR HAS MORE DETAILS L 4518
Admiral has also completed three Est Reserves/Proj: 6.0 MMBC & 62.5 BCF DV 5924 HARRISON CO., TX ACREAGE
wells in its Devon/Ft. Scott project Completion Cost: $3,500,000 5,200-Gross Acres. PANOLA CO., TX LEASEHOLD
and is adding additional third-party CALL PLS FOR INTRO TO SELLER CHEROKEE CO., TX PROJECT HAYNESVILLE HAYNESVILLE SHALE
gas production. DV 5173 10,000-Acres. 1-ReEntry. 1-New Well. Vertical Haynesville Test. HAYNESVILLE 330+ Acres. HAYNESVILLE
Targeting Travis Peak & Cotton Valley. Acreage Is A Contiguous Block. Unit Has Offset Haynesville Production.
• ameriwest Energy received a WALLER CO., TX PROSPECT Proposed Depth: 13,400 Ft. Seller Will Deliver 75% NRI. Acreage Is In North-South Configuration.
permit to drill the Ameriwest Fee #1 5,915-Net Acres. CALL PLS FOR SELLER CONTACT
Seller Will Deliver 79.3% NRI. SEEKING POTENTIAL JV PARTNER
well at the Geary prospect in Wyoming. KATY FIELD >5,900 ACRES DV 5664
Analogue Production: 210 BCF 95% Of Block Is Held By Production.
The target location is offset to two wells Obj 1: Yegua Formation. 6,000-8,000 Ft. Est Well Reserves: 3.0 BCF LAND DEPT HAS MORE DETAILS
in the Geary Dome field in the Powder Obj 2: Wilcox. 10,300-11,750 Ft. G&G Costs: $250,000 3.0 BCF/WELL DV 5473 PANOLA CO., TX SWD PERMITS
River Basin. Objectives include the Reprocessed 2-D Seismic. Total Land Cost: $2,876,480 East Texas Disposal.
Dakota sandstone and the Upper and Located On Downthrown Fault Closures. DV 5687 HARRISON CO., TX MINERALS TEXAS/LOUISIANA BORDER
Lower Muddy, and Wall Creek (Fron- Wants To Spud ASAP. Late 2008. ~1,484-Gross Acres. ~468-Net Acres. Prolific Haynesville Shale Play. SWD PERMIT
tier) sands. LAND MANAGER HAS SHOWING DALLAS CO., TX MINERALS HAYNESVILLE SHALE Active Drilling/Production In Area.
DV 5465 18.5-Gross/Net Acres. 12-Properties. LEASE Current Flow: 5,000 BPD
• approach Resources
BARNETT SHALE LEASE Very Active Area: Bossier-Haynesville Play. CONTACT AGENT FOR DETAILS
increased proved reserves to 211.1 WALLER CO., TX OFFERING SWD 5091
BCFe at y/e 2008, up 17% from 2007. Benjamin F Smith A-1377 Unleased Mineral Interest Available.
4,097-Net Acres. 100% MINERAL INTEREST FOR LEASE M 3389L
Reserves consisted of KATY FIELD SETX/DV L 3669M
REEVES CO., TX PROJECT
45.9 BCFe in the Cinco Obj 1: Frio Formation. 2,000-3,000 Ft. HARRISON CO., TX SWD SERVICE 3-Prospects. 3,000-Net Acres.
Terry field (up 150%), 144.4 BCFe at Obj 2: Vicksburg. 3,000-4,000 Ft. EAST TEXAS LEASEHOLD Commercial SWD & Trucking Business. DEEP DELAWARE BASIN 295+ BCF
Ozona Northeast in West Texas and Obj 3: Wilcox. 8,000-9,000 Ft. 2-Counties. 1,425-Net Leasehold Acres. HAYNESVILLE / COTTON VALLEY Wolfcamp, Barnett & Woodford Shale,
20.8 BCFe at the North Bald Prairie Multiple Horizons. UnTested. HAYNESVILLE SHALE POSITION 4-SWD Facilities Available. Pennsylvanian, & Fractured Devonian
field in East Texas. Reprocessed 2-D Seismic. Multiple Target Potential. 20-Water Hauling Tractor/Trailers. SERVICE On-Site Salt Water Disposal System
CONTACT SELLER FOR MORE DATA SHELBY COUNTY: AGENT HAS MORE DETAILS On-Site Gas Gathering System
• atlas Energy Resources 100% WI Available; 75% NRI
grew its net proved reserves to 1,001 DV 5467 — 746.5 Net Acres. ETX LEASE SWD 5085
— 3 Years + 2 Year Option ~13 BCF PDP Wolfcamp Production.
BCFe last year, up from 897 BCFe at WALLER CO., TX PROJECT Est Reserves: 295+ BCF
the end of 2007. This growth is NACOGDOCHES COUNTY: HAYNESVILLE ACREAGE
6,233-Net Acres. — 680 Net Acres. 14,747-Gross, 5,400-Net Mineral Acres. Based On Decline Curve & Volumetrics
primarily attributable to activity KATY FIELD YEGUA FANNIN & LAMAR COUNTIES LEASE/SALE CALL PLS FOR ADDITIONAL DETAILS
— 3 Years + 2 Year Option
in the Appalachian Basin Yegua Formation. 5,000-7,000 Ft. 100% OPERATED WI; 75% NRI MINERALS FOR LEASE OR SALE DV 5268
where proved reserves grew 63% to Multiple Horizons. Surrounded By Large Independents. Multiple Pipelines Transverse Acreage.
374 BCFe. Atlas replaced 607% of its Reprocessed 2-D Seismic. Seller Has Set Asking Price. OWNER/SELLER SEEKING OFFERS RUSK & PANOLA CO., TX MINERALS
production last year, entirely through Q4 2008 Spud Date. RR 3926M 2,600-Acres.
CALL PLS FOR DATA PACKAGE
the drill bit. Atlas has also booked LAND MANAGER HAS MORE INFO DV 5753L
MINERAL LEASE FOR SALE MINERALS
627.2 BCFe on its acreage in Michigan DV 5466 HILL CO., TX PROSPECT Seller Will Deliver 75% NRI.
and Indiana. EAST TEXAS LEASES ~3,000-Acres. CONTACT SELLER TO LEARN MORE
WALLER CO., TX PROJECT SALE ~5,915-Net Mineral Acres. ETX LEASE Prolific Barnett Shale Position. >3,000 ACRES L 5547
• aztec oil & gas participated in 1,500-20,000 Acres Possible. SABINE & SAN AUGUSTINE CO. CALL PRINCIPAL FOR MORE INFO
the West Powell #1 well in Goliad Co., KATY FIELD EXTENSION RUSK CO., TX OVERRIDE SALE
Primary Objective: Haynesville Shale DV 5711
Texas. The well is producing 200 Obj 1: Wilcox. 10,400-12,500 Ft. 60-Wells. 30-Gas Units. 19,791.68-Acres.
Secondary Objective: James Lime
MMCFD into a Duke Energy gathering Obj 2: Yegua. 6,700-7,500 Ft. Acreage Is Available For Lease. LIBERTY CO., TX PROSPECT MINDEN FIELD
system. Estimated reserves are 300 to Located On 4-Way Closure. 3-D MULTI PAY 153-Acres. Bossier, Cotton Valley, Haynesville
CALL PLS TO LEARN MORE
500 MMCF. Aztec and its operator 2-D & 3-D Seismic Available. L 5771 Targeting Cook Mountain Fan Sand. & Travis Peak. ETX ORRI
Resaca Resources have identified Some Frio Potential Exists Proposed Total Depth: 14,300 Ft. AGENT HAS MORE INFO
three locations that are direct analogs CONTACT LANDMAN FOR DETAILS EAST TEXAS MIDSTREAM ASSETS 100% Working Interest Available. 15 BCF RR 5154
of the West Powell #1. These wells DV 5464 2-Systems. Est Upside Reserves: 15 BCF
will be drilled in the near future. HARRISON & LIMESTONE CO. CONTACT HOUSTON SELLER SHELBY CO., TX LEASEHOLD
WALLER CO., TX OPPORTUNITY DV 5669 470-Acres.
FREESTONE SYSTEM -
100-Proposed Wells. 16,032-Net Acres. DEEP HAYNESVILLE RIGHTS
— 36 Miles Of Gathering System.
• Basic Earth science systems Obj 1: Wilcox Formation. 10,000 Ft. — Exposure To Haynesville Development. LIMESTONE CO., TX DISPOSAL Unit Is Presently HBP. HAYNESVILLE
and operating partner Panther Energy Obj 2: Yegua Formation. 7,000 Ft. 11-Pit Permits. 53-Acres. PERMITS OUTRIGHT SALE OF DEEP RIGHTS—
— On Bossier / Cotton Valley Trend.
drilled their second well on Basic’s Multiple Objectives Identified. WILCOX For Water-Based Drilling Muds/Fluids. — OR CARRIED INTEREST IN WELL
— 34.2 MMCFD Of ThroughPut
Banks prospect (6.5% WI) in McKenzie Defined By 3-D & 2-D Seismic. G&G. Add’l 670-Acres Available (50% Minerals). Gathering System In Place.
DARCO SYSTEM - MIDSTREAM
Co., North Dakota. The Roscoe #2H-8 50% OPERATED WI; 36.3% NRI CALL AUSTIN AGENT FOR INFO SELLER HAS MORE DETAILS
— 10 Miles Of Gathering System
horizontal Bakken well reached 16,000 Dry Hole Cost: $1,570,000 — 6.8 MMCFD Of ThroughPut SWD 5092 L 5724PL
ft. TD (11,252 ft. TVD). In Montana, LAND DEPT HAS MORE DETAILS Both Systems Have 2 Sales Points.
DV 5836 LIMESTONE CO., TX DISPOSAL WELL UPSHUR CO., TX PROSPECT
Basic and a 50% partner may drill a AGENT WANTS OFFERS MARCH 17 5-Potential Wells. 700-Acres.
vertical Red River test on the South PL 6479 1-SWD.
WHARTON CO., TX PROSPECT EAST TEXAS Obj 1: Bossier Sand. 11,500 Ft.
Flat Lake prospect. The well is Obj 2: Cotton Valley Lime. 12,000 Ft.
200-Acres. EAST TEXAS MINERAL RIGHTS Commercial Salt Water Disposal Facility.
expected to cost $1.35 million to drill. FRIO PRODUCING TREND Permitted For 12,000 bls/d. Generated With GeoPhysics.
~22,000-Gross & ~17,000-Net Acres.
• Basic Energy services Total Depth: 6,200 Ft. FRIO JASPER, SAN AUGUSTINE, 100% OPERATED WI AVAILABLE 75% OPERATED WI; 78% NRI 10 BCF
added one newbuild rig and retired 75% Net Lease Available. Monthly Oil Sales: 180 MBO SWTX/SWD Est Reserves/Well: 1.0-3.0 BCF
& ANGELINA CO.
one rig in January, leaving its well serv- Analogous Wells Cumm’d 3.25 BCF. Monthly Skim Oil: 300 BO Est Reserves/Project: 10 BCF
Deep Rights - Below Base Austin Chalk.
icing rig count at 414 at the end of the Estimated IP: 1,000 MCFD & 5.0 BOPD Net Cash Flow: $50,000/Mn EXPLORATION MGR HAS DETAILS
Prolific Haynesville Area. DEEP RIGHTS
month. Rig hours for the month were Potential Rsrvs: 7.0 MBO & 2.8 BCF Eagle Ford Shale Potential. SWD 3965 DV 5722
49,300, for a rig utilization rate of DHC: $495,000. Compl: 795,000. MINERALS FOR SALE OR FARMOUT
SELLER HAS MORE INFORMATION LIMESTONE CO., TX FACILITY UPSHUR, GREGG & SMITH CO., TX
49%, down from 51% in December Most Of Acreage Is HBP. 496-Wells. 50,000-Gross & 28,000-Net Ac.
and 71% in January 2008. Drilling rig DV 5184 OPERATOR HAS DETAILS 1-Commercial SWD Facility (Active).
Recent Casing & Tube WorkOver. COTTON VALLEY TREND
days for January 2009 were 123, for M 5903 GLADWATER & OVERTON FIELD
WHARTON CO., TX SALE PACKAGE 2-Water Hauling Tractor/Trailers.
a rig utilization of 44%, a decrease 1-Property. Current Flow: ~4,666 BPD SWD FACILITY 90%-Acreage Held By Production.
from 66% in the prior month and 64% EAST TEXAS PROPERTY
GULF COAST BASIN 139 MCFED Avg Net Cash Flow: $45,000/Mn Cotton Valley Horizontals; Untapped BHP.
36-Wells.
in the year ago month. BLACK OWL FIELD CALL AUSTIN AGENT FOR INFO 98% OPERATED WI For Sale.
NACOGDOCHES & SHELBY CO.
Yegua Production. ~8,150 Ft. SWD 5094 Net Production: 24 MMCFED HORIZONTAL
Travis Peak Production With Upside.
11.25% NonOperated WI; 8.44% NRI Net Cash Flow: $6,985,000/Mn
46% WI Available; 34% NRI
Gross Production: 26 BOPD & 1,494 MCFD Net Production: 3.0 MMCFD 3.0 MMCFD MILAM CO., TX PROSPECT CONTACT AGENT FOR UPDATE
Net Production: 139 MCFED 4,833-Gross & 4,417-Net Acres. PP 3797HZ
Prospect Available dv Avg Net Cash Flow: $38,803/Mn
Net Cash Flow: $350,000/Mn
AGENT WANTS OFFERS APRIL 2009 Buckner/Bossier/Cotton Valley Sands
WOOD CO., TX PROSPECT
PP 4246AU PP 5263 & Knowles Limestone Play.
Offsets XTO #1 Voelkel Cotton Valley— 1-Drilling Prospect.
WHARTON CO., TX OFFERING EAST TEXAS PROSPECT OFFERING — & Knowles Discovery. ETX/DV Rodessa, Kirkland, Goyd, & Hill Gas.
1-Property. 50-Potential Wells. ~8,000-Acres. Seller Will Deliver 75% NRI. Also Targeting Sub-Clarksville Oil.
BLACK OWL FIELD 28 MCFED SABINE & ST. AUGUSTINE CO. SELLER HAS MORE INFO TO REVIEW Proposed Depth: 8,500 Ft. (TD) >1.3 BCFE
Yegua Production. ~8,150 Ft. Haynesville & James Lime Targets. DV 5461 100% Working Interest For Sale.
BIENVILLE PH., LA PROSPECT 1.69% ORRI For Sale. Defined By SubSurface Geology. >1.0 TCF Est Reserves: 20 MBO & 1.2 BCF
1-Well. 536-Acres. Gross Production: 26 BOPD & 1,494 MCFD 50%+ WI Available; ~37.5%+ NRI NACOGDOCHES & RUSK CO., TX CALL AGENT TO LEARN MORE
NORTH LOUISIANA SALT BASIN Net Production: 28 MCFED Est Reserves/Well: ~8.0 BCF 4,796-Acres Available. Farmout. DV 5077
Avg Net Cash Flow: $7,600/mn Est Reserves/Project: >1.0 TCF HAYNESVILLE SHALE PLAY HAYNESVILLE
Obj 1: James Reef. 7,500 Ft. COTTON VALLEY LIME WOOD CO., TX PROSPECT
RR 4247AU EXPLORATIONIST HAS SHOWING
Obj 2: Haynesville Shale. 15,000 Ft. Formation Depth: 10,400-11,400 Ft. 241-Acres.
DV 5280 Obj 1: Paluxy A Formation >1.5 MMBO
Obj 3: Smackover Reef. 16,000 Ft. 100% OPERATED WI. Negotiable Farmout
2-D Seismic & SubSurface Geology. EAST TEXAS FREESTONE CO., TX LEASEHOLD Area Wells/Initial Volumes: 5-10 MMCFeD Obj 2: Paluxy B Formation
100% OPERATED WI; 75% NRI Well Reserves: 5-7 BCFe/80 Acre Spacing Proposed Depth: 7,000 Ft.
>900-Acres For Lease.
BOWIE CO., TX PROSPECT Haynesville Produces 37-45 BCFE/Section. Seller Will Deliver 77% NRI. 25% BIAPO.
Est Well Reserves: Up To 50 BCF EAST TEXAS LEASE
>2,500-Acres. Total Recoverable Rsrvs: 277-337 BCFE Anticipated Rsrvs: 1,537.5 MBO
Dry Hole: $1,589,750; Compl: $239,800 Surrounded By Production.
EAST TEXAS DV/ETX EXPLORATIONIST HAS MORE INFO SELLER HAS MORE INFORMATION
SELLER HAS SHOWING AVAILABLE AGENT CONTACT INFO PROVIDED
Upper Smackover Objective. 9,300 Ft. L 5366 DV 5181 DV 5225
DV 2222L Lease Block Has Structural Features to
- Produce Several Long Lasting Prolific Wells FREESTONE CO., TX PROSPECT
SubSurface, Gravity/Magnetic Maps Show 2-Potential Wells.
For more information on - Strike Slip Faulting/Hydrocarbon Entrap. Cotton Valley Targets Identified.
this package contact PLS 100% OPERATED WI; 75% NRI (Negotiable) Generated With SubSurface Geology.
at 713-650-1212. Estimated IP: 90 BCPD & ~3.0 MMCFD 100% OPERATED WI; 75% NRI
Some Bowie Co Wells: Producing >20 Yrs Est Reserves/Well: 1.5 BCF 3.0 BCF
Est Reserves: 3.0 MMBC & 10.9 BCF Est Reserves/Project: 3.0 BCF
Bearkat energy, LLC
Phone: 281-681-4315
Prospect Includes 5-Yr Paid Up Leases.
DETAILED PACKAGE DATA AVAILABLE
LAND DEPT HAS MORE DATA
DV 5716
Lasserdata.com
— SELLER HAS ASKING PRICE Quality Oil and Gas Production Data Online
5 Grogan’s Park Dr., Suite 200 DV 3878
Experience FREE TRIAL - A $300 Value!
The Woodlands, TX 77380
Unparalleled
www.bearkatenergy.com Service Call 1.800.489.DATA for more information.
PLS Sells Properties
www.adairlandleasing.com
search
& seek Contact:
access Houston +1 832 351 8300 cggveritas.com
www.plsx.com.
The Best Place to Find the Perfect Job Obj 1: Ellenburger Formation. 5,400 Ft.
Obj 2: Harkey Sands. 4,400 Ft.
2-D Seismic Data, Geology, Well Control.
100% OPERATED WI; 75% NRI
NORTH TEXAS
ARCHER CO., TX MINERALS
258-Acres.
Gunsight Sands Target. MINERALS
JOB SEEKERS Mississippi Zone. Depth: 1,200 Ft
MINERAL LEASE
Manage your job search Seller Will Deliver 80% NRI.
CONTACT SELLER TO LEARN MORE
Access hundreds of corporate job postings M 5546L
Experienced.
Capable.
Knowledgeable.
Flexible.
Ready To Work.
Never Let a Job Opportunity Pass You by! Five States Energy Capital
works with independent
www.firstenergycapital.com
F IVE STATES
ENERGY CAPITAL, LLC
214.560.2584
Market
Tueday, March 24,
MARKETALERT
Wednesday, March
11, 2009 | Volume
20, No. 8
, News & Insight
PROSPECTCENTRE
with Opportunities
& Prospect Marketplace
Serving the Property
Suncor and PetroCan
billion deal E&P
>500-Acres.
tributed to the would leave Suncorwith PetroCan confirmed holdingat its annual Integrated oil
major Anadarko
of the year. According come company, deal rep-admitted analyst meeting. Although
the company Petroleum announced
QuickLook during the rest than 90 transactions merged
to or at least until saidRex theTillerson
CEO its Tweneboa-1
value the review, more through July. However, “business 40%. The companies demand
to the 30-day recovers – the
that prices could
be soft for years
discovery well
offshore Ghana
upstream deal a as
25% usual”
premiumand continue major said it
Alerts
1. 2008 US M&A from $48.7B resents
Last year, would conduct encoun-
were announced months of 2008, of PCZExxon’s
shares. total
its long-term
in focus. tered 70 feet
drops to $38.1B five average capital deal
in the remaining deal is the largest expenditures
170 MCFD
were announced took place. The This mega-deal
QuickLook 2006. totaled $26 The well discovered of net pay.
2. >90 transactions only 25 deals in 4Q, gas industry since upstream), while billion ($19.7 billion
to a record low a light hydrocarbon
BARNETT
5. US still accounted t% billion on nine !3#&$2 (-"0$ 1$ #$1/(2$
At press major.
“Anadarko keeps
worldwide deal
value--highes was also ,$25.00.
0*$2 ".-#(2(.-1 a 52-week about 4.0 MMBOEPD,
rebounding from from its 52-
PROSPECT
DIMMIT CO., TX
power point and cased to
the US still accounted to 2.//$# slides two a depth of 11,790 logged
years. However, deal value soared !(++(.- and the environmenwere on safety is being deepened
EAGLEFORD
zones. CONTINUES
Obj 1: Eagleford
came third.
Ft.
(-
11,500
on page 2
in the second
2: Pearsall.
pricing
Obj
The average deal first-half of the
year.
Discoveries.
NTX/DV
$19.11/BOE Production started SOUTH
On Trend With Recent 75% NRI
prices. the 0.4$# TEXAS
One Year Lease Term Remaining. Barnett Shale Potential - Offset Nearby.
during gas 0$1$04$1 - RRC 1, 2 & 4
along with commodity review, shale 2./ projects in 2008, at eight major
OPERATED WI;
performance
According to the
anotherOFFERING
year, '4< C;A +3@6D
PROSPECT
4Q, historically third consecutive Area NGL II,
in the U.S. Rockies2009,TX
FRIO CO.,
reserves for the mence in nine major projectsSaxi/Batuque, '4< E !
upstream M&A. the islongestproduction in @A?3>;@3
(15 years) was adding E
Well. 325-Acres.
485,000 are expected C73 3D (CA>;8;5
acquired properties
1-Proposed
to com- 77B (CA6F5E;A@
Ft.
– Piceance Phase I in Colorado,BOEPD. One of those projects
Lime. 4,200Bentek
reserve life of
Identified.
Independent on page 3
DE *7D7CG7D /7>> &*!
2-Additional Locations 75% NRI
forward sale to form the market
during 2008 (including properties and leasehold $K Fellow
WI;
and Woodford). and its peers DE *7D7CG7D (CA<75E
90% NonOperated
144 MBO & 72 MMCF
and BP (Fayetteville , Shareholder
interests in producing $$ & !& *
Est Reserves/Well:
US transactions
MMCF
'* %'* !& '
500 MBO & 250
E&P (Haynesville) billion on nine returns
"
(Marcellus), Plains XTO spent more than $8 15
Est Reserves/Proj:
www.plsx.com
horizon for
DV 6463
Petroleum.
public independent billion acquisition of Hunt may be on the
PP 5766DV
www.plsx.com
stone rolls on despite rough market conditions arena keeps its rigs
SOUTH LOUISIANA SOUTHWEST LOUISIANA Stone Energy drilled two exploitation wells at Ewing Bank 305 last quarter, at Fuhrman-mascho
bringing the total number of successful wells drilled in 2008 to four, plus three Arena Resources has released both
TERREBONNE PH., LA PROSPECTS CAMERON PH., LA PROJECT successful workover projects. Ewing Bank 305 production more than doubled
1-Potential Well. 2-Wells. 607-Acres. its contract rigs and is now has only
342-Acres. ~3.6 MMBOE GULF COAST ONSHORE LA/DV last year to over 40 MMCFeD. Stone is now completing the its two company rigs in operation. The
Sandstone Targets. 6,800-7,200 Ft. Obj 1: Cris A - 17b. 12,500 Ft Apoc prospect at Ewing Bank. company said it had
3-D Seismic & SubSurface Geology. Obj 2: Discobis B Sand. 12,700 Ft At South Timbalier 102/110 Stone is testing the first two of hoped to begin an
60% NonOperated WI; 71% NRI (Lease) Obj 3: Disc B - 2 And B - 3 a multi-well program and at Ship Shoal 113, two wells drilled last year hit pay aggressive develop-
Est Rsrvs/Well: 1,234 MBO & 3.5 BCF 3-D Seismic. SubSurface Geology. but then met mechanical difficulties. Stone is now evaluating the wells for com- ment program in New Mexico late last
Est Rsrvs/Proj: 2,468 MBO & 7.0 BCF 100% WI Available; 70 NRI%. merciality and possible re-drill. Both blocks were acquired in the $1.8-billion year, but has since deferred this plan
DHC: $1,600,000; Compl: $1,200,000 Operations Are Available. Bois d'Arc transaction last April. Production at Mississippi Canyon 109 is still until prices improve. Nevertheless, the
WITH 24.25% CWI TO CASING POINT Est Rsrvs/Well: 432 MBO & 4.2 BCF
LAND DEPT HAS MORE INFO Est Rsrvs/Project: 34.2 BCF & ~736 MBO
shut in after hurricane damage. company continued to develop its
DV 5532 DHC: $1,900,000; Compl: $1,000,000 Stone reported a $1.3 billion Onshore, Stone has two wells producing Fuhrman-Mascho
311-Developed Acres.
resenting 49 gross (46 net) H/B horizontal locations. The company is currently drilling on 1,100 opportunities than cash
Discovered in 2004, the wholly owned Wheatstone field is 125 miles north of
gross acres of the drill to earn leasehold. GMXR has also obtained first right of Speaking at a conference call, Cimarex CEO
refusal on an additional 5,000 gross acres which could add as many as 62 gross F. H. Merelli said the company would constantly
H/B horizontal locations. adapt and adjust to the economic climate. The
The company has reduced its 2009 capex by 01&-42& .9> .3)*5*3)*39 2&0*8 company’s capital pro-
Onslow in water depths of around 650 feet. The adjacent Iago field was discov-
budget, GMXR expects to drill fourteen and com-
plete sixteen net Haynesville Bossier horizontal wells (100% WI) including the two completions that play its Anadarko-Woodford, which will com-
a p
14 Reservoirs. Long Life Production. BLACK LAKE FIELD access our online library to
ered in 2000 and spans two retention permits, one wholly owned by Chevron the
2-Producing Wells. 1-SWD. 3-PUD. Acreage Held By Production.
160-Undeveloped Acres. 260 MCFED Rights Below Base of Pettit. OVERRIDE other one-third owned by Shell, with Chevron holding remainder. view any past and/or present
Significant Recompletion Potential. Chesapeake Operates. The offshore northwest shelf of Australia is one of four exploration focus publications offered by Pls
100% OPERATED WI; 72%-74% NRI 1.0% OVERRIDING ROYALTY INTEREST areas for Chevron. During 2009, Chevron has two rigs scheduled to drill multi- www.plsx.com D
Net Production: 15 BOPD & 170 MCFD Negotiated Transaction. ple exploration and appraisal wells in its operated acreage there. -
,9G9FJ9G /D .C 19@@
QuickLook
could find themselves Special followed the EIA speaker.
another pressing point: the world wants what the U.S. and
%# */). %-)7. $!'+%)# !-+%.! actresses and the EIA, noting that
, ( .% ,*+ $40 flat oil projections for 3 years
At press time OPEC refused to
Net Cash Flow: $4,900/Mn CALL AGENT FOR PACKAGE Canada have, including cars and computers. “There are no substitutes for carbon drilling rig rates for Q4 averaged $19,330
SELLER HAS PRODUCTION INFO DV 3894 based fuels in the foreseeable future.” 3
DV 5425 Small NonOperated WI For Sale. Total Depth: 9,100 Ft. OK/DV
Est Gross Prod: 129 BOPD & 6,441 MCFD 65% Working Interest; 78% NRI WASHINGTON
JACKSON CO., OK PROSPECT Est Net Prod: 4.0 BOPD & 255 MCFD Est Reserves: 2.0 - 4.0 BCF
200-Acres. (2)New Wells to Add $9,600 - $16,050/Mn DHC: $794,796; Compl: $572,631 PACIFIC COAST PROSPECT
HARDEMAN Net Proved Rsrvs: 8.2 MBO & 5.9 BCF DV 5593 3-Proposed Wells.
Miss Mud Mound. 9,600 Ft. 500 BCF Net Proved PV(10): $9,153,571 11,325-Acres.
Low Risk Horizontal. CONTACT PLS FOR MORE DETAILS ASTORIA BASIN
NACOGDOCHES/RUSK CO., TX Excellent Porosity & Permeability. PP 4231DV
CALIFORNIA Southwest Washington MULTIPAY
4,796-Acres. 3-D Seismic. G&G. EMT. Targeting Eocene Sand Reservoir.
100% OPERATED WI; 75% NRI. OKLAHOMA SHALE ACREAGE CALIFORNIA PROSPECT OFFERING Add’l Potential Zones Identified.
HAYNESVILLE SHALE PLAY 1-Prospect.
Est Reserves: 500 BO 8,400-Net Acres. Drilling In Early 2009.
Depth: 10,400 - 11,400 Ft. DHC: $1,232,225; Compl: $210,000 NW MCKITTRICK FIELD SEEKING 49% PARTNER TO DRILL
WOODFORD SHALE PLUS
Surrounded By Haynesville Production. CONTACT SELLER FOR MORE INFO MultiPay Prospects. 1,500-10,000 Ft. Targeting Main Area, Upper Zone, Seller Will Deliver 80% NRI.
Seller Is Farming Out Haynesville/CV Lime. DV 5608 HZ Goddard, Sycamore, Hunton, Caney Shale & Steven Sands. Depth: 3,500 Ft. Est Reserves: 230 BCF
Haynesville Produces 37-45 BCFE/Section. Viola, Stanley, Jackfork. Well Data, Surface Geology, >13 MMBO Local Markets & Infrastructure.
LOGAN CO., OK COMPLETION Polk Creek & Womble Shales. OKLA/DEALS & Well To Well Correlations. CALL LANDMAN FOR SHOWING
6.5 BCFE/Well On 80-Acre Spacing.
1-Horizontal Well. Needs Completion. Proprietary 3-D Shoot In Progress. 50% Working Interest; 77% NRI (Lease) DV 5421
Total Recoverable Rsrvs: 277-337 BCFE Horizontal Potential.
Hunton Clarita Formation. Seller Will Deliver 73% NRI.
DV 5180 Total Depth: 7,500 Ft. >1,400 Drilling Locations. 80-Ac Spacing. Est Recoverable Reserves: 13.7 MMBO
Contact With PayZone: 2,500 Ft. HOUSTON SELLER HAS ACREAGE SELLER LAND DEPT HAS INFO
Drainage Spacing Of 320 Acres. DV 5468 DV 5734HZ
Call Ronyld Wise Seller Will Deliver 75% NRI. COMPLETE
For a Showing Estimated IP: 1.0-1.5 MMCFD
>20 5x-10x Payout Horiz Wells Close By.
713-650-1212 Potential Total Sales: $15,000,000
Property Review? tes Edi
tion
Mountain States
Price Set - 1% WI HU Min BTB 10%
Acquisition/Completion Cost: $1,750,000
PLS offers quick turnarounds on engineering and technical property reviews Edition Available!
DETAILED SUMMARY AVAILABLE Contact Richard Martin, 713-650-1212 To Learn More
DV 5755HZ 888-622-9943
Rates $75-$250 per hour
www.plsx.com www.donsdirectory.com
DHC: $165,000; Compl: $135,000 Regency finally receives Haynesville pipeline funding
ETP launches Tiger Pipeline open season
Dark road ahead for
midstream M&A
active program offshore Ghana with initial appraisals of three recent dis-
'<7FGE84@ 9<E@F Regency Energy Partners 4A7 Energy Transfer Partners 4E8 47I4A6 '<7FGE84@ ' 46G<I<GL 98?? 9EB@
<A: F8C4E4G8 C?4AF GB 846; 5H<?7 ;<:; 64C46<GL C<C8?<A8F GB F8EI8 G;8 "4LA8FI<??8 -;4?8 4E84 <A GB 4A7 <F BA C468 GB 94?? 9HEG;8E G;<F
coveries at Odum and Mahogany Deep on the West Cape Three Points
E *
DV 5475
Block and Tweneboa on the adjacent deepwater Tano license. Read the latest
For more info contact:
Beau Kelley Go to www.plsx.com In total, Anadarko has added more than one billion equivalent barrels of midstream market news
At PLS: (713) 650-1212
for more listings! net risked captured resources since March of 2008. at www.plsx.com
W
Pennsylvania-Based E&P Company.
A copy of our Long Term Leases Cover All Depths. Horizontal Well Cost: $1,000,000
Leasing/Developing Marcellus Shale.
buyer profile form COLORADO AGENT HAS UPDATES LAND DEPT HAS MORE DETAILS
SEEKING INDUSTRY PARTNER(S) ACREAGE MULTISTATE
is found online at PP 3935HZ DV 5515
CONTACT GENERATOR FOR DETAILS
www.plsx.com/ buy- L 4168DV
erprofileform.com. PLS uses this data WYOMING PROPERTIES FOR SALE MANISTEE CO., MI PROJECT APPALACHIA BASIN PROJECT
160-Acre Unit. 3-Wells. 41,000-Contiguous Acres.
base to target select offerings and 68-Operated Wells. MARCELLUS SHALE LEASE WASHINGTON CO., PA
market assets. PLS also licenses our 14-NonOperated Wells. 1,500 MCFD/CBM NIAGARAN REEF TREND 414-Acres.
Pipeline Found Nearby. MI/DV OHIO CO., WV CBM
buyer list to regional affiliates and POWDER RIVER BASIN ARMSTRONG CO. MARCELLUS Significant UnDeveloped CBM Acreage.
CAMPBELL, JOHNSON & SHERIDAN CO. Average NRI: 80% Right In The Heart Of The Play.
technical firms such as Burks Oil & Est IP: 150 BCPD & 1,500 MCFD Large Upside & Development Potential.
Gas Properties, DivestPro and Amer- >9,000-Undeveloped Net Acres: Big George Lease Available Due To Pugh Clause. Pittsburgh Seam (CBM) Producers.
3-NonOp PDNP Wells. >200-Drilling Locations. Est Total Reserves: 700 MBC & 4.0 BCF Surrounded By Producing Wells.
ican Energy Advisors who handle use CALL OPERATOR FOR MORE INFO Kittanning Seam Also Identified.
Big George Coal Seams Have Over Lease HBP To Only 6,000 Ft— 50% Working Interest; 41.25% NRI
our data base in handling their select DV 5797
— 100 Ft. Of Coal Thickness. — Ground Floor Investment Opportunity Processing Plant Included.
divestment efforts. Its important for Terms Are Negotiable.
OPERATED & NonOperated WI Available. MANISTEE CO., MI PROSPECT CONTACT PROJECT OWNER
members to keep their buying criteria Serious Inquiries Only.
Net Production: 1,500 MCFD NIAGARAN REEF TREND DV 5599
up to date with PLS. Quick and infor- Gathering, Electricity and Low Cost Water CALL PLS FOR INTRO TO SELLER
mal updates are also welcome by Total Vertical Depth: 5,060 Ft.
— Disposal Designed/Awaiting Construction. L 5472 APPALACHIA BASIN PROSPECTS
Email to bgreen@plsx.com Pipeline Within 2,000 Ft. MI/DV
Net Cash Flow: $100,000/Mn Seller Will Deliver 80% NRI. Numerous Drilling Prospects.
On another note – PLS also Over 300-ShutIn Wells Waiting For MARCELLUS SHALE PROSPECT WEST VIRGINIA & PENNSYLVANIA
Initial Production: 25 BOPD & 500 MCFD Seeking JV Partner.
offers buyers additional services — Infrastructure Completion. Plus BHP. Obj 1: Upper Devonian Wells. ~5,000 Ft.
Est Reserves: 250 MBO & 1.0 BCF Pennsylvania & West Virginia. MARCELLUS
including traditional display advertis- Additional BHP Potential In Existing Wells. CALL OPERATOR FOR MORE INFO Obj 2: Marcellus (Vertical). ~7,600 Ft.
ing, direct mail and wanted ads. 25,000-Acres Under Lease. NonOperated WI For Sale. APPALACHIA
Custom Negotiated Transaction. DV 5316
Potential purchasers can regis- CONTACT SELLER TO LEARN MORE Avg Upper Devonian IP’s: 60-100 MCFD
CONTACT AGENT FOR PACKAGE
ter their buying criteria with PLS and PP 3688DV DV 3789 Vertical Marcellus IP’s: 200-500 MCFD
MICHIGAN OIL RESOURCE PLAY
have their listings (needs) run online 8-Wells. 36,500-Acres. Devonian Wells Cost: $375,000-$500,000
WYOMING PROSPECT FOR SALE PENNSYLVANIA SHALE PROJECT Vertical Marcellus Cost: $1,500,000
at www.plsx.com and in PLS reports ARENAC, BAY, CLARE, GLADWIN, 10,000+-Acres; 5,900-HBP.
as a “Wanted Listing.” Wanted 16,564-Gross Acres & 10,682-Net Acres. & ROSCOMMON CO. SELLER HAS ADDITIONAL PROSPECTS
NORTHERN GREEN RIVER BASIN ARMSTRONG, BUTLER, INDIANA DV 5419
Listings costs $25 per month and Detroit River & Dundde Carbonates. & LAWRENCE CO.
Merna-Daniel Anticline Exploration. Enhancement Targets Identified.
act as a draw for sellers who may Prolific Marcellus Shale Position.
Over-Pressured Gas To Mid-Lance. WYOMING Depths Range: 2,500-5,000 Ft. >210 BOED ARIZONA & NEW MEXICO GAS DEAL
see the anonymous ad in PLS. Proposed Depth: 16,600 Ft. FOR SALE or JOINT VENTURE MARCELLUS
Significant Amount Of PUD Locations. Prolific CO2 & Helium Field.
Companies desiring to “register their LAND MANAGER HAS MORE INFO Seller Will Deliver 80% NRI. ST. JOHNS FIELD CO2/HELIUM
wanted ad” should simply send their 100% WI Available; Avg 85% NRI Lease Maps Are Available.
DV 5736 Net Production: 130 BOPD & 500 MCFD Largest Undeveloped Helium/CO2 Field—
informal criteria (property type, price CONTACT PROSPECT GENERATOR —In North America.
Net Cash Flow: ~$175,000/Mn DV 5859
range etc) to Bgreen@plsx.com WYOMING PROSPECT OFFERING Potential Rsrvs: 80 MBO & 500 MMCF Gas Markets In Permian Basin Area.
or Tony@plsx.com and PLS will 17,793-Gross Acres. Drill & Completion: $850,000 SEEKING JOINT VENTURE PARTNERS
handle the rest. A wanted ad is an 7,770-Net Acres POTTER CO, PROSPECT FOR SALE Est CO2 Reserves: 15 TCF
AGENT HAS UPDATE AVAILABLE
inexpensive advertisement which NORTHERN GREEN RIVER BASIN 3-Contiguous Blocks. ~9,000-Acres. MORE DETAILS COMING SOON
PP 5440DV APPALACHIAN BASIN
can generate market interest and Lance-Mesaverde Fairway DV 5364
seller introductions. Cretaceous Hilliard Target. 14,500 Ft. WY/DV Targeting Marcellus Shale. MARCELLUS
Seismic Data Is Available. NEW YORK Excellent Pipeline Access. ARKANSAS / LOUISIANA PROSPECT
www.plsx.com LAND MANAGER HAS MORE INFO Leases Held By Production. 937-Gross Acres.
DV 5735 DELAWARE CO., NY PROSPECT 50% WI Available; 83%-84.5% NRI BOSSIER PH., LA AR/LA/DV
12-Potential Wells. 940-Contiguous Acres. CONTACT EXPLORATIONIST FOR INFO LAFAYETTE CO., AR
APPALACHIAN BASIN DV 5074 Targeting Haynesville & Cotton Valley.
INDIANA Marcellus Shale Target. 36-42 BCF Proposed Depth: 11,000 Ft.
Significant Horizontal Opportunity. TIOGA CO., PA LEASEHOLD Seller Will Deliver 73% NRI.
PIKE CO., IN PROSPECT 100% OPERATED WI; 84% NRI ~880-Gross Acres. ~816-Net Acres. Analogue Prod: 500 MCFD & 20 BOPD
INTERNATIONAL 9,378-Gross Acres. Est Reserves/Well: 3.0 - 3.5 BCF MARCELLUS SHALE Est Well Reserves: 2.5 BCF & 108 MBO
ILLINOIS BASIN IN/DV Est Reserves/Prospect: 36 - 42 BCF GAINES & ELK TOWNSHIPS LEASE Dry Hole Cose: $1,500,000
ONSHORE FRANCE PROSPECTS New Albany Shale. 2,400 Ft. 5-Year Lease. 3-Year Extension. 85% NRI
>12-Proposed Wells. 70,000-Acres.
DV 5586
50% Working Interest; 87.5% NRI. CONTACT PROSPECT GENERATOR Five Year Leases Executed Feb-Mar 2008.
BORDEAUX REGION CALL LANDMAN FOR DETAILS CONTACT AGENT TO REQUEST PACKAGE
Obj 1: Basal L. Cret Sands. 8,200 Ft.
DV 5728 CORPORATE ASSETS FOR SALE
DV 5511 L 3608 75-Gas Wells. 40-Oil Wells.
Obj 2: L Cretaceous Turbidites 40+ MMBO
TIOGA CO., PA OVERRIDES FOR SALE CALIFORNIA & MONTANA CORPORATE
Within 6 Miles Of 100 MMBO Field. NEW YORK Currently Focused In Sacramento Valley.
3-D Seismic. Geology & Geophysics. KENTUCKY 22,000-Acres.
Several Drilling Prospects Identified.
50% OPERATED WI; 44% NRI Available STEUBEN/TIOGA CO., NY PROSPECT DELMAR, SHIPPEN, JACKSON MARCELLUS
Uses 3-D Seismic, Well Data, & Geology.
Analogous Field Has IP’s Of 1,000 BOPD. CLAY/LESLIE CO., KY PROSPECTS 2,600-Acres. RUTLAND, SULLIVAN, FARMINGTON
Successful Wells w/ High Cumm’s.
Est Reserves/Well: ~2.5 MMBO 26,000+-Acres. Development Play. 1-Trenton Black River Development. & ELKLAND TOWNSHIPS
OPERATED & NonOperated WI.
Est Reserves/Project: 40+ MMBO Multiple Pay Zones Identified. <3,200 Ft. Also Prospective: Onadago Reef, In The Heart Of The Marcellus Fairway.
Will Sell Assets Or Company Shares.
DHC: $5,000,000; Compl: $2,000,000 600+-UnDrilled Development Locations. Utica Shale, & Marcellus Shale DV/NY OVERRIDING ROYALTY INTEREST
CALL GENERATOR FOR DATA
CONTACT OPERATOR FOR DETAILS Excellent Horizontal Candidate. Proposed Depths: 3,700-10,000 Ft. Develop MultiWell Drilling Program.
Complete Pipeline Infrastructure. Successful Marcellus Horizontal: Same Area CO 5388PP/DV
DV 5902 SEEKING PARTNERS TO DRILL
147-Wells Currently Producing. DEVELOPMENT & BUY MORE ACREAGE Favorable Economics. CORPORATE SALE OF ASSETS
Production Can Increase w/ Treatment. Trenton Black River Well Costs: $5.0 MM NEW YORK AGENT HAS DETAILED INFO >66,000-Acres.
For more SELLER HAS MORE DETAILS CALL PLS FOR INTRO TO SELLER RR 3438OV PENNSYLVANIA & NEW YORK
International listings DV 5295 DV 5798 Appalachian Basin APPALACHIA
go to WEST VIRGINIA Shallow Devonian Sand Production.
www.plsx.com HENDERSON CO., KY PROSPECT Significant Marcellus Shale Position.
2-Test Wells. OHIO 100% OPERATED WI; 87.5% NRI
30,000-Acres. BRAXTON CO., WV ACREAGE
Net Production: ~3.2 MMCFD
ILLINOIS BASIN GALLIA CO., OH LEASEHOLDS 5-Proposed Wells. 405-Lease Acres.
Reserves Report Available w/ C.A.
Targeting New Albany Shale. KY/DV 17,730-Acres. APPALACHIAN BASIN MARCELLUS Highly Skilled Operating Staff.
Test Depth: 4,600 Ft. Devonian L Huron Shale. 2,500-3,000 Ft Strong Marcellus Shale Position.
Gathering Systems/Pipelines In Place.
Prospect Is On Stratigraphic Trap. Reservoir Thickness: >250 Ft. OH LEASES 100% OPERATED WI; 86.5% NRI
OFFERING IS STILL AVAILABLE
92% Working Interest Available. Silurian Clinton Potential. 3,500 Ft. Est Well Reserves: 3.0-3.5 BCF
Est Project Reserves: 15-17.5 BCF CO 5926PP
Est Well Reserves: 1.2-3.0 BCF Mississippian Berea Potential. 1,600 Ft.
Est Project Reserves: 100+ BCFE 100% Working Interest; 87.5% NRI 5-Year Leases w/ 5-Year Extensions.
CONTACT PROSPECT GENERATOR ILLINOIS & KENTUCKY ACREAGE
CONTACT SELLER TO LEARN MORE Remaining Lease Terms: 1-4 Years ~229,000-Net Acres.
DV 5636 LAND MANAGER HAS DETAILS DV 5990HZ
NEW ALBANY SHALE LEASES
L 6473 300-400 Ft Of Pay Thickness.
KENTUCKY LEASES FOR SALE PRESTON CO., WV PROSPECT
Most Acreage In Rock Creek Graben.
~2,200-Gross & 2,000-Net Acres.
~35,134-Gross & ~21,254-Net Acres. PENNSYLVANIA Kentucky Acreage:
APPALACHIAN BASIN APPALACHIA
MCCLEAN, OHIO, WEBSTER, — Crittenden, Livingston, Marshall,
Obj 1: Marcellus Shale. ~7,900 Ft.
MUHLENBERG & HOPKINS CO. BRADFORD CO., PA MINERALS Obj 2: Huntersville Chert. ~8,000 Ft.
Union & Webster Co.
100% OPERATED WI; 82.5% NRI 1,054-Net Mineral Acres For Sale. Significant Horizontal Opportunity.
Illinois Acreage: MULTISTATE
Leasehold Is Available For Sale. KY/ACREAGE MARCELLUS SHALE Seller Will Deliver 75% NRI.
— Hardin, Jackson, Johnson, Massac,
PLS HAS MORE INFO AVAILABLE Monroe & Overton Districts MARCELLUS Analogs Producing Up To 5.0 MMCFD.
Pope & Saline Co.
L 5775 Lease Assigned To Chief O&G - 3/09 Majority Of Leases Expire: 2010-2011
Est Reserves/Well: 3.0 - 4.0 BCF
1/8th Royalty Available. 3-Year And 5-Year Extension Clauses.
CONTACT PROSPECT GENERATOR
KENTUCKY PROSPECT SALE CALL PLS FOR INTRO TO SELLER DV 5855HZ
AGENT HAS MORE DETAILS
41,790-Gross & 34,080-Net Acres. M 5365 L 6448DV
Capital Markets ILLINOIS BASIN
WEST VIRGINIA DRILLING PROJECT
Group New Albany Shale. 3,000-4,500 Ft.
80% Working Interest; 65% NRI. >345 BCF
CLINTON & CENTRE CO., PA LEASE
~9,164-Acres.
4-Counties.
CLAY, ROANE, KANAWHA, WETZEL
LOUISIANA & MISSISSIPPI ROYALTY
2-Counties(Parish). 5-Wells.
Est Well Reserves: 750 MMCF APPALACHIAN BASIN PA LEASE LA - LIVINGSTON PARISH
& DODDRIDGE CO.
PLS’ Capital Markets Group Est Project Reserves: 345-700 BCF Significant Marcellus Shale Position. MultiTargets Including Marcellus Shale. MS - SIMPSON COUNTY ROYALTY
DHC: $850,000; Compl: $800,000.
provides capital sourcing DENVER LANDMAN HAS DETAILS
Acreage Is Available For Lease. Depths Range: 2,000-6,000+ Ft. Varying Net Royalty Interests.
CALL PLS FOR CONTACT INFO DV/WV Total Net Prod: ~13 BOPD & 1.0 MCFD
and strategic advisory DV 5951 L 5774
Seller Can Deliver 84% NRI.
SEEKING JV PARTNER TO DRILL Package Offered Individually Or Whole.
services to both public Minimum Investment: $50,000 Decline Curves & Financial Info Available.
CONTACT SELLER FOR MORE INFO
and private companies. SELLER HAS MORE DETAILS
RR 3790
DV 6472
Contact: Jason Reimbold Why wait for the capital you need? If you are a small- to mid-sized
jreimbold@plsx.com operator with a project in the $1 million to $20 million range,
713-600-0119
contact Patriot Exploration at 713-353-3997 FOREST CAPITAL
www.ipaa.org PARTNERS, LLC
www.plsx.com www.patriotexploration.com America’s Oil & Gas Producers
Opportunity driven. www.forestcap.com
SOLD
Gross Production: 331 BOPD & 12,226 MCFD Probable Reserves: 35 BCF
Net Production: 204 MCFED FUJI FIELD - GC 506 WY/CO/PP/DV aging partner of Republic Petroleum LLC, an exploration and production
Working Interest For Sale. CALL PLS FOR LANDMAN INFO company focused in the Gulf of Mexico.
Avg Net Revenue: $23,064/Mn 204 MCFED DV 5587
Solid Operators In Place. SIGNIFICANT OFFSHORE OPTION • Gulftex Operating named three executives. Patrick E. Lee joined the
VISIT PLSX.COM FOR PACKAGE PP 3869DV company as Senior Acquisitions and New Business Manager. Lee was
OFFSHORE MISSISSIPPI SALE
PP 4204 GULF OF MEXICO OFFERING 1-Test Well. recently been active in capital acquisition, marketing and strategic alliances
NIOBRARA BIOGENIC GAS PLAY 3-Fields. GOM PROJECT SHIP SHOAL 70 BCF at Brownfields Capital in Denver. Paul H. Cheong joined the company as
DEEPWATER FIELD DEVELOPMENT Upper Miocene Big A Sands. Senior Reservoir Engineer and Exploration Manager. In addition, Ronald
Colorado, Kansas & Nebraska.
Mirage, Morgus, & Telemark Fields Proposed Depth: 17,500 ft. H. Abreu is now an advisor to both Gulftex Operating and TBX Resources.
300+ POTENTIAL DRILLING SITES
Floating Production Facility: ATP Titan 33.33% WI Available; 25.77% NRI
3-D Seismic Survey Available. 3D/GAS Est Reserves: 70 BCF
• Lime Energy promoted James Smith to president of Applied Energy
Seller Will Deliver 80% NRI. Develop Mirage/Morgus: Immediately Management (AEM), a subsidiary of Lime Energy. Previously, Smith was
Telemark Development: 2010 Upside Potential: 147 BCF
Est Rsrvs Per 40 Acre: 250-500 MMCF an EVP of AEM responsible for the development and operations of the
Export Lines Have Been Installed. CALL LANDMAN FOR MORE INFO
CALL OPERATOR FOR MORE INFO ESCO related services.
100% Working Interest Available. DV 5588
DV 5205 • Newfield Exploration named Lee Boothby as its new president, effec-
SEEKING JOINT VENTURE PARTNERS
OKLAHOMA & KANSAS OVERRIDES Initial Production Set For Late 2009. OFFSHORE PROSPECT FOR SALE tive immediately. The board will also name Boothby as CEO in May.
642-Wells. 5-Counties. Max Production: ~32 MBOED In 2011 5,760-Acres. Boothby will succeed David Trice, who plans to retire as
CHEROKEE BASIN CBM PLAY Est Total Development Cost: ~$460 MM VIOSCA KNOLL CEO at that time. Trice will likely serve a one-year term as
WOODFORD SHALE PLAY DATA ROOMS OPEN MARCH 18, 2009 Targeting Miocene Gas. 3,000 Ft. (TVD) non-executive chairman to assist in the transition.
Continuous Drilling Program. OVERRIDES DV 6209 Drill From An Existing Platform. • Northern Explorations appointed Mark Schaftlein as president and
Numerous Permits In Progress. 3-D Seismic Data. OFFSHORE LA CEO. Schaftlein comes from Capital Consulting Inc., where he served as CEO.
OVERRIDING ROYALTY INTEREST
GULF OF MEXICO PACKAGE Horizontal Opportunity Available.
2-Fault Blocks. Seller Will Deliver 79% NRI. • Paco Oil and Gas is changing its name to Paco Integrated Energy
Total Net Cash Flow: $61,700/Mn
OFFERS WANTED DECEMBER 23
WEST CAMERON, BLOCK 145 GOM/DV Est Reserves: 20-27 BCF and has relocated its head office to Houston, Texas. Paco also appointed
Lower Rob M / Gyroidina 9. 16,400 Ft. All Facilities In Place. Frank Snortheim as its new president.
CALL TO REQUEST SALE STATUS
Total 50% Interest. No Abandonment Liability. • Penn Virginia Corp. promoted H. Baird Whitehead, previously EVP,
RR 3850OV Estimated Reserves: 87 BCF DHC: $4,000,000; Compl: $3,000,000 to the position of EVP and COO. Since 2001, Whitehead has also
OKLAHOMA & TEXAS LEASEHOLD Completion: $23,168,200 CONTACT LANDMAN FOR INFO
served as president of Penn Virginia Oil & Gas Corporation, PVA’s
144,231-Net Acres. DV 5676 DV 5105
oil and gas exploration and production subsidiary, and will retain that title.
ANADARKO BASIN GULF OF MEXICO PROSPECT
24,586-Acres Are HBP. OFFSHORE TEXAS PROSPECTS • St. Mary Land & Exploration said Mark Hellerstein, Chairman,
SHIP SHOAL AREA, BLOCK 115 2-Prospects. 3-Blocks. will retire from the board effective at the 2009 annual meeting of stockhold-
Package 1: Obj 1: Miocene Sand. 11,950 Ft. (TVD).
— All Rights ANADARKO MUSTANG ISLAND ~46 BCF ers to be held in May, after 17 years of service.
Additional Gas Target Identified. 2,800 Ft. Blackberry Fault Trend The board anticipates appointing Bill Sullivan, a member of the
— Ellis Co., OK 50% Working Interest And NRI.
— Lipscomb & Ochiltree Co., TX Targeting Lower Miocene Marg A. board since 2004, to succeed Hellerstein as Chairman.
Estimated Reserves 18.5 BCF 18.5 BCF Depths: 9,000-11,000 Ft.
Package 2: DHC: $8,300,000; Compl: $2,600,000 • Vanco Energy appointed Todd Mullen as VP – general counsel. Most
— Woodford Rights Only Reprocessed Proprietary 3-D Seismic.
CONTACT EXPLORATIONIST Seller Will Deliver 75% NRI.
recently, Mullen held the position of division counsel & chief legal compli-
— Multiple Counties In OK ance officer for Hughes Christensen, a division of Baker Hughes Inc.
DV 5677 Analogous AVO Signature Identified.
LEASEHOLD ONLY - NO WELLBORES
Total Reserve Potential: >3.5 TCFE Total Proved Rsrvs: 46.2 BCF • Plano-based Xtreme Oil & Gas appointed Russell Walker as general
GULF OF MEXICO PROSPECT SALE counsel. Walker, an oil and gas lawyer, will continue his practice in Oklahoma
AGENT HAS STATUS UPDATE Completion/Prospect: $8,160,000
WEST CAMERON AREA. BLOCK 146, 147
DV 6199L Multiple Objectives: Chris I - Rob L.
CONTACT PROSPECT GENERATOR City and provide services to Xtreme through his lawfirm Walker & Walker.
Block 146: 11,087 Ft. Block 147: 12,985 Ft. DV 5850
ROCKIES ASSETS FOR SALE 50% Working Interest; 41% NRI. in memoriam
273,000-Net Acres. Exposure To ~170 BCFE Rob L Only - Est Reserves: 53 BCF. ~53 BCF
TEXAS OFFSHORE PROSPECTS
5,613-Acres. 9-Oil & Gas Prospects. • Bill Moyer has lost his battle with cancer. Since 2001, Bill was part of
NORTHERN PARADOX BASIN Completion: ~$18,600,000/Block
Andy’s Mesa, La Sal, Hamilton Creek MUSTANG ISLAND 725 & 743 the IPAA team in Washington, serving as VP of Capital Markets, Business
DV 5675 Development and Membership – a position that proved his
& Lisbon Production in MultiStacked Obj 1: Lower Cris A; 5,000 Ft.
— Sandstone & Carbonate Reservoirs OFFSHORE CALIFORNIA PROSPECT Obj 2: Siph D; 6,000 Ft. OFFSHORE exceptional dedication to IPAA by practically taking on three
Strategic Midstream Infrastructure 26-PDNP Reactivations. 11-PUD Infills. Three-Way Closures. Structural Plays. jobs at once. The family requested that contributions, in lieu of flowers,
UpSide: Multiple Infill Drill & Field Optimization PUDs From Waterflood Improvements. 100% Working Interest Available. be made to the Moyer Family Education Trust. IPAA will match the first
Lg Undeveloped Land Position + 3D Seismic. 100% OPERATED WI Available. Est Reserves: 19 MMBO & 19 BCF $30,000 given to the fund. For more information, contact jeffrey.furniss@
100% OPERATED WI FOR SALE Net Production: 2,875 BOPD OFFSHORE CA CALL LAND DEPT FOR DATA lfg.com (410.987.3590).
Net Production: ~ 50 MMCFD Est Proved Reserves: 44.8 MMBO DV 5849
Net Cash Flow: ~833,000/Mn MIDSTREAM Total Proved PV12: $409,000,000
Net Proved Reserves: 103 BCFE (100% Gas) MORE DETAILS COMING SOON
120 MMCFED Processing Capacity Maintained PP 5270DV
— With 47% Unutilized Capacity
— Allowing for Future Growth OFFSHORE LEASES FOR SALE
3rd Party Engineering Available. 5-Wells Produce From Fixed Platform.
CONTACT AGENT FOR UPDATE VIRGO FIELD 7.7 MMCFED
PP 3899DV Viosca Knoll Blocks 822 & 823.
Field Produces From Water Depth: 1,130 Ft.
Offering Controls OPERATED & Majority WI.
64% Working Interest in Two Leases.
Energy Hedging Solutions Net Production: ~7.6 MMCFED The Energy Law Firm the
Your Full Service Energy Broker — 84% Gas Weighted Energy Industry Goes To
New Well Locations and Deep Potential.
Office: (214) 219-7555 HOUSTON AGENT PROVIDING DATA
Fax: (214) 219-3313 www.burlesoncooke.com
PP 3938DV www.englehartenergy.com
www.coqueststructuredproducts.com
Elsewhere, Range has completed what it believes to be the best Barnett well WANTED: PRODUCING PROPERTIES
in Hill Co., Texas, to date. The Ellig #1-H initially produced 9.0 MMCFeD and Colorado Oil & Gas Company.
WEST, CENTRAL & SOUTH TEXAS
averaged 4.8 MMCFeD over its first 30 days. Range also completed a pilot proj-
PERMIAN BASIN
ect to test 250-foot well spacing in southern Tarrant County. The first two pilot WILL ALSO LOOK AT KANSAS
wells had a combined IP rate of 14.0 MMCFeD. Range has more than 1,000 Seeks Operated Properties.
additional locations to drill in the core of the Barnett play and plans 64 (61 net) Price Range: $25 MM - $100 MM LAFOURCHE PH., LA PROPERTIES CENTRAL OKLAHOMA DEVELOPMENT
new wells for 2009. CALL PLS FOR BUYER CONTACT INFO 4-Wells. 669-Acres. Several MultiLateral Locations.
Activity for the Midcontinent division in the fourth quarter included the W 5600PP Avg 80.5% WI; Avg 60.4% NRI SEEKING WI PARTNERS TO DRILL
drilling of 16 (6.2 net) wells with an 88% success rate. In the Texas Panhandle, Net Production: 75 BOPD & 3,693 MCFD DV 5911HZ
Range’s initial offset to its St. Louis discovery yielded production from the St. WANTED: ORRI, WI, & ROYALTY PP 5828DV
Texas, Louisiana, Gulf Coast Areas.
Louis Lime at a rate of 2.3 (0.9 net) MMCFeD. A second offset completed for
OPERATED Or NonOperated.
3.0 (1.1 net) MMCFeD, with a third well currently being completed. Two addi- Quick Review & Decision Time.
tional wells in the Watonga-Chickasha Trend commenced production during the Gives Value To All Proved Categories-- Call Richard Martin at 713-650-1212
quarter at rates of 2.0 (1.5 net) and 1.5 (1.2 net) MMCFeD. — PDP, PDNP, & PUD Let PLS handle your property, override or prospect sale!
In addition, a deep Anadarko Basin well encountered significant Springer pro- CALL PLS FOR INTRO TO BUYER
duction, commencing sales at a rate of 10.9 (3.5 net) MMCFeD. Drilling has also W 6469PP/RR
continued in the Ardmore Basin Woodford Play, where three wells are currently
being completed. The division plans 44 (25 net) new wells for 2009. For more For more info call PLS
In total, Range averaged production of 386 MMCFeD last year and increased Wanted Listings 713-650-1212
go to
proved reserves 19% from a year ago to 2.7 TCFe at year-end 2008, replacing or access www.plsx.com
405% of production. www.plsx.com
With
With over
over $800
$800 million in purchases
purchases
c to date and an
a exc
excep-
cep-
tionally
ll high
h h offer
ff acceptance, it’s no wonder
it’s d why
wh smar
smartt
TM
oowners
wners sell too Noble R
Noble oyalties. O
Royalties. ur offers maxim
Our ize vvalue.
maximize alue. Cash
C ash for
f
current
urrrent and
cu
Our evaluation
Our evvaluatio
aluation
on is first class. An
nd, as our rrecord
And, ecord sh
hows our
shows future
futturre reserves
rreser
eserves
purchase transactions
purchase tran
nsactions close on time. This year
year we
we plan to
Discreet,
Disc
crreet, SSimple,
imple,
p
write mor
write moree th
han a half billion do
than ollars in checks for the
dollars t dir ect
direct timely
melyy closings
tim g
and immediate purchase
immediate purchase from
from individuals,
i compa
anies and
companies
estates. Shoulldn’’t one hav
Shouldn’t vee yyour
have ourr name on it? Talk to
Talk t us first.
Contact J. D. (D
(Doug)
ou
ug) Bradley,
Bradleyy, CPL | Senior
Senior Vice
Vice President,
President, Land
A quisittion & D
Aquisition ivestiture
Divestiture
972.788.5839 | jdb
bradley@nobleroyalties.com
m
jdbradley@nobleroyalties.com
5VISL9V`HS[PLZ0UJ
5VISL9V`H
HS[PLZ0UJ
Committed to be
being
eing AAmerica’s
merica’s #1
Dallas
Dallaas • H
Houston
oustoon
ro
royalty
y
independent royalty purrchaser
chaserr.
purchaser.
© 2008 N
Noble
oble Royalties,
Ro
Royalties, IInc.
nc.
assets prospects capital midstream pricing
PLS is the industry’s one-stop shop for information, On the marketing side, PLS handles divestments,
marketing and advisory services. PLS has long assisted prospect brokerage, midstream asset sales and
clients in sourcing business opportunities, better corporate communications. PLS also assists sellers
managing their portfolios and facilitating profitable with technical and engineering services through
transactions. regional affiliates including Burks Oil & Gas Properties,
American Energy Advisors, Wellspring Partners and
On the information front, PLS is one of the industry's
DivestPro Energy Partners.
leading publishers, providing critical information in
the A&D and E&P arena. PLS also manages the Finally, PLS also offers advisory services for clients
industry's multiple listing service and operates other seeking support, valuation services, buyer assistance,
databases including news archives, market activities, deal origination and access to capital markets. Forover
transaction metrics and financial presentations. PLS 20 years, PLS has provided information, marketing and
also provides unique advertising opportunities and advisory services for the oil and gas industry. For more
hosts industry conferences, expositions and details on PLS’ products and services please call
networking events. 713.650.1212 or surf www.plsx.com.
Providing information, marketing & advisory services for the oil & gas industry
Phone: 713.650.1212 • Fax: 713.658.1922 • www.plsx.com In Canada, Call 403.294.1906