Featured Transactions | Black Legend Capital

Oil & Gas – Farm-In Development Opportunity in NM

In 2014, Black Legend Capital acted as a consulting advisor on a JV development opportunity in San Juan Basin, New Mexico. The opportunity spanned nearly 25,000 gross acres with 35-unit wells planned for construction. Wells were systematically created every 180 days. Additionally, the NRI delivered was around 80%.

Oil & Gas – Oil Producing Asset Acquisition Opportunity in Howard County, TX

In 2014, Black Legend Capital acted as a consulting advisor on a producing asset acquisition opportunity in Howard County, TX. The opportunity encompassed nearly 32,000 net acres and was located in one of the most attractive areas for both oil and gas production. The opportunity showcased nearly 1,000 barrels of oil per day and had millions of barrels of oil equivalents in reserves.

Oil & Gas – Oil Producing Assets Acquisition Opportunity in Glasscock County, TX

In 2014, Black Legend Capital acted as a consulting advisor on a producing asset acquisition opportunity in Glasscock County, TX. The assets consisted of nearly 8,000 contiguous acres, 26 vertical wells, and a saltwater disposal well. As a result, the opportunity generated around 515 barrel of oil equivalent per day. Additionally, the acquisition opportunity had significant upside with maybe PUDS and proved reserves across the acreage.

Oil & Gas – Vermillion Parish, LA

In 2014, Black Legend Capital acted as a consulting advisor on the sale of a producing asset acquisition opportunity onshore in Louisiana. The property had approximately 3,000 gross acres, with 12 producing oil wells, one SWD well and possibility to convert the second SWD well. The asset produced 1,320 BOPD, had multiple recompletion opportunities, numerous low-cost drilling opportunities, and additional low risk exploitation/exploration potential.

Oil & Gas – LNG Export Facilities

In 2013-2014, Black Legend Capital acted as developing partner of the “LNG Export from United States to Pacific Rim countries” project. At the time of the transaction, Black Legend Capital’s partners had experience in LNG development with Texaco (now Chevron) for exporting the LNG from Indonesia and Australia to China in the late 1990’s with cooperation of Pertamina. Black Legend Capital partnered also with two United States LNG companies approved to export to non-FTA countries.

Consumer Products – Alkaline 88

In 2013, Black Legend Capital acted as a consulting advisor to a beverage opportunity, headquartered in Arizona. Alkaline 88 is a beverage and snack company, which has built a base infrastructure to support brand incubation and growth, through its network of distributors across the country. At the time of the transaction, the company had obtained national distribution in over 10,000 stores in all 50 states, breaking all records for a new beverage launch. The Management had over 37 years of international and domestic management experience in the food & beverage industry.

Oil & Gas – Taylor Swift Project, Yegua Field

In 2013, Black Legend Capital identified and structured one new well, a 15,000 feet deep drilling project on 302 acres. This project was in Jefferson County, TX, and the “Yegua” field was discovered in 2009 by Samson Resources, Cimarex Energy, and Ballard Oil. Estimated Proved Undeveloped (PUD) reserves were up to 6.2 million barrels of condensate and 83 billion cubic feet (BCF) of gas. It was acquired by Cimarex Energy, producing 3 months after completion.

Oil & Gas – RRKKG Project, Darst Creek Field

In 2012-2013, Black Legend Capital structured a joint operation with a Shanghai fund on four leases, approximately 3,000 acres in Guadalupe County, TX. The project consisted of 75 work-overs, and a new drilling program with up to 50 development drilling locations. Estimated Proved Developed Producing (PDP) reserves in the 75 work-overs were up to 5.1 million barrels of oil from the Pecan Gap & Taylor formations. Upside reserves were present in other formations such as Austin Chalk, Eagle Ford, Buda, and Edwards. Estimated Proved UnDeveloped (PUD) reserves in the new development drilling locations were up to 10.8 million barrels of oil.

Oil & Gas – George Washington Project, Tenney Creek Field

In 2012-2013, Black Legend Capital structured a partnership on one lease of approximately 400 acres in Caldwell County, TX. The project consisted of 21 work-overs and a new drilling program with 20 development drilling locations. Estimated Proved Developed Producing (PDP) reserves in the 21 work-overs were 521,850 barrels of oil from the Austin Chalk formation. Upside reserves were present in other formations such as the Edwards. Estimated Proved UnDeveloped (PUD) reserves in the new development drilling locations were 1.1 million barrels of oil from the Austin Chalk formation alone.

Oil & Gas – Navitas Land and Mineral

In 2011, Black Legend Capital acted as a consulting advisor and investor in the capital structure and business development efforts of a new oil company expanding operations, by opening different fields, implementing a work-over/drilling program and increasing oil production by more than 800%. Black Legend Capital acted as interim CFO and COO of the company. Navitas Land and Mineral was based in the Illinois Basin, which is an interior Cratonic basin covering central and southern Illinois, southwestern Indiana, and western Kentucky. The company, at the time, had leases in the basin and was in the process of selecting leases with an additional potential of 3.7 million barrels of producible reserves. The company applied low-cost operating practices and employed a variety of innovative methods to enhance production and maximize reservoir drainage.