Mid-Continent USA Oil & Gas Development Project

Industry

Real Assets / Energy

Company Type

Oil & Gas/Upstream

Location

U.S.

Size

$549 million

Investment Type

Equity/Debt

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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
Learn More About This Transaction

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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