The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
BHCH Mineral Ltd. retained TenOaks Energy Advisors for the sale of an undivided 50% of its legacy mineral and royalty portfolio located across numerous basins in the continental U.S.
BHCH owns a diversified mineral and royalty portfolio spanning many different basins throughout the Lower 48. The properties are broken up into four sub-packages.
The next 12-month cash flow for the total portfolio is $3.8 million, according to TenOaks.
Area 1: Delaware Basin
- 1,433 net royalty acres position largely focused in Reeves County, Texas, and New Mexico’s Lea County
- Substantial projected near-term growth driven by 30 DUCs / 54 active permits
- Total next 12-month cash flow: $2.0 million
Area 2: Midland Basin
- Notable Midland Basin royalty portfolio (718 net royalty acres) located in core counties in West Texas: Reagan, Glasscock and Howard
- Recent ramp in drilling activity on position as commodity prices have stabilized (12 DUCs / three active permits)
Area 3: Eagle Ford
- Unique Eagle Ford footprint focused on core counties with active development in South Texas: McMullen, La Salle, Karnes and Webb
- Position spans 2,802 net royalty acres
Area 4: Diversified Portfolio
- Substantial royalty position across several other basins outside of unconventional Permian / Eagle Ford
- Legacy, conventional Permian properties with stable cash flow
- Premier Midcon portfolio: Texas Panhandle, Anadarko and Arkoma
- Exposure to gas-weighted properties located in the Haynesville, Barnett and South Texas
Bids are due at noon CST on Aug. 27. The transaction is expected to have an Aug. 1 effective date.
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