Mid-Continent USA Oil & Gas Development Project

Industry

Real Assets / Energy

Company Type

Oil & Gas / Upstream

Location

US

Size

$549 million

Investment Type

Debt/Equity

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Helping Great Companies Grow

Overview

Iron Hawk Energy Group LLC is an independent oil & gas company headquartered in Tulsa, Oklahoma that acquires, develops and produces domestic oil & gas properties.

$10 million preferred equity immediate, time sensitive opportunity to develop existing oil & gas base assets (contributed by Iron Hawk).

Ultimately seeking an additional +/-$500 million of capital (equity, debt) to purchase attractively priced producing oil & gas properties with development upside.

  • Developing existing base assets through remedial maintenance, re-completions and drilling of low risk development wells
    • estimated EUR 1.36 million oil barrels
    • estimated average finding costs of $6.37 per barrel and average lifting costs of $12.48 per barrel yields an average breakeven cost of $18.85 per barrel
  • Acquiring oil & gas producing assets with development upside
    • attractively priced below an estimated PDP NPV20% to NPV60% valuation
    • stable cash flows and well-established decline curves
    • Mid-Continent-Oklahoma, Kansas and Texas Panhandle as well as the Illinois Basin-Illinois, Indiana and Kentucky
  • Projected value creation reflecting Iron Hawk’s geological and geophysical expertise and proprietary technology to identify additional vertical drilling locations, reduce operating costs and eliminate ‘zero-value’ wells
  • Significant oil & gas expertise operating, producing, developing and exploiting oil & gas properties, and identifying oil & gas assets for acquisition
Helping Great Companies Grow

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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