Iron Orchard Upstream Permian Opportunity

Iron Orchard Upstream Permian Opportunity

Iron Orchard Upstream LLC (collectively the “Company”) is offering for sale certain oil and gas assets in the Permian Basin. The Company has retained Opportune Partners, LLC as its exclusive advisory for the transaction.

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Resources

Iron Orchard Upstream Permian Opportunity - Executive Summary

Iron Orchard Upstream Permian Opportunity – CA (Word Doc)

Iron Orchard Upstream Permian Opportunity – CA (PDF)

Investment Highlights

High margin, liquids-rich PDP 

  • Net production of 5.5 Mboe/d (61% oil, 79% liquids)
  • PDP PV10 of $189.0MM from 16 HZ wells
  • NTM PDP EBITDA ~$70MM; >80% margins
  • Company-owned SWD infrastructure providing materials LOE savings

Active Development Program with Extensive Inventory

  • 11,093 net acres in both the Delaware and Midland basins
  • 7 WIPS and 85 PUD locations offering significant near-term and long-term upside
  • Dev. program growth production to 20+ Mboe/d
  • 3P PV10 of $619.6 MM with cum. FCF of ~$210MM through 2030

 

Key Dates
  • May 20th – VDR live
  • May 21st – Data room presentations begin

     

 

Please reach out to Dan Kohl or [email protected] if you have any questions about the deal, process, and to schedule a data room presentation.

 
 

Opportune Partners LLC, an affiliate of Opportune LLP, is a member of the Opportune Network, and is a member of FINRA and SIPC. 

Opportune Partners LLC is not engaged in the practice of public accountancy. Privacy and Business Continuity Plan.