The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Confluence Resources is offering for sale certain operated and nonoperated assets including minerals and ORRIs in core D-J Basin. A rare opportunity to acquire strong PDP cashflow with dozens of operated “drill-ready” locations and NRI’s >85% in many cases.
Asset Highlights:
- Premier leasehold and mineral position with 18 operated and 7 non-operated producing horizontals. Tier 1 well performance in multiple Niobrara benches and Codell.
- 8,400 BOE/D September net production (81% liquids) from diversified commodity mix
- September 2022 PDP net cashflow of $15.0MM (99% from operated horizontals), NTM PDP net cashflow forecast of $102MM.
- 3,628 net leasehold acres (~94% HBP) and 338 net royalty acres in minerals. 55% of leasehold has overriding royalties averaging 6.6%.
- Production from 38 operated "drill-ready" locations in Weld County adds 18,900 net BOEPD and $34MM/month operating cashflow by September 2023.
For more information, visit meagheradvisors.com or contact Nick Asher at nasher@meagheradvisors.com or 303-721-9781.
Recommended Reading
Investor Returns Keep Aethon IPO-ready
2024-10-08 - Haynesville producer Aethon Energy is focused on investor returns, additional bolt-on acquisitions and mainly staying “IPO ready,” the company’s Senior Vice President of Finance said Oct. 3 at Hart Energy’s Energy Capital Conference (ECC) in Dallas.
No Rush: Post-M&A Frenzy, Divestiture Market to Pick Up by 2025
2024-10-07 - Lenders with a variety of capital structures are poised to fund the upcoming portfolio rationalization in the post-consolidation era, bankers and deal advisers said at Hart Energy’s Energy Capital Conference.
Tellurian Stockholders Approve $900MM Woodside Acquisition
2024-10-07 - Woodside Energy has said it expects to close the acquisition of Tellurian, and its Driftwood LNG permitted facility, by December.
Murphy Oil Names New CEO, Adds Two Directors to Board
2024-10-06 - Murphy Oil’s current COO Eric M. Hambly has been appointed to CEO and president, succeeding Roger W. Jenkins. The board also added Hambly and Robert B. Tudor III as new directors.
Utica Oil E&P Infinity Natural Resources Latest to File for IPO
2024-10-05 - Utica Shale E&P Infinity Natural Resources has not yet set a price or disclosed the number of shares it intends to offer.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.