The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
The Brown Foundation retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain diversified royalty properties. The position stretches across five states, 44 counties and more than 400 wells including over 900 net royalty acres modeled in the Permian Basin.
- Diversified royalty portfolio that spans multiple conventional and unconventional basins
- >900 net royalty acres modeled across the Midland and Delaware Basins
- Well-established track record of consistent cash flow (average annual cash flow since 2003: $751,000 / year)
- Next 12-month forecasted cash flow: $2.2 million (55% PDP | 45% DUC)
Bids are due at noon CST on Nov. 29. The transaction is expected to have an effective date of Nov. 1.
2022-11-21 - Changing capital cost models make e-frac systems within reach for more operators, according to Baker Hughes’ Steve Goldstein.
2022-10-26 - Stabroek Block partners have recorded 30 major discoveries in the block, have two developments onstream and a third slated for startup in about a year.
2022-11-14 - Operated by the Eni-led Area 4 Partners joint venture, Mozambique's Coral Sul Floating LNG facility has the capacity to produce up to 3.4 million tonnes of LNG a year.
2022-11-08 - Not only does the Baker Hughes all-electric subsea tieback reduce topside footprint, it also reduces capex costs by 15%.
2022-10-25 - Oil and gas production technology is stepping in to help do more with less by helping find hidden barrels, increase production volumes and lower lifting costs, according to ChampionX in this Hart Energy exclusive.