The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
EV Royalty Partners LP, an affiliate of EnerVest Ltd., retained Oil & Gas Asset Clearinghouse to market for sale an Utica Shale overriding royalty interest (ORRI) package in Ohio.
Highlights:
- Asset Overview
- Assets include an aggregate 60.88% of a ~7.5% ORRI in ~340,894 acres
- The remaining limited partner of EVRP has a tag right on the sale of the LP interests
- 0.723% average ORRI in 139 Utica wells
- 1,146 Mcfe/d (51% gas / 32% NGL / 17% oil)
- Net PDP reserves: 4,086 MMcfe
- Primarily operated by Encino Energy, Ascent Resources and Eclipse Resources (Montage Resources, which was acquired by Southwestern Energy in 2020)
- Assets include an aggregate 60.88% of a ~7.5% ORRI in ~340,894 acres
- Stable Production and Cash Flow
- $119,292 / month net cash flow (June 2021)
- Last 12-month Net Cash Flow: $1.16 million
- Next 12-month Cash Flow: $1.7 million
- PDP PV-10: $6.287 million
- $119,292 / month net cash flow (June 2021)
Bids are due Dec. 2. The transaction is expected to have an effective date of Oct. 1.
A virtual data room is available. For information visit ogclearinghouse.com or contact Tyler Post at tpost@ogclearinghouse.com or 972-736-5814.
Recommended Reading
OTC 2022: The Promise (and Problems) of Low-carbon Offshore Production
2022-05-04 - Reaching decarbonization goals involves internal discussions over the best technologies to implement for projects that, offshore, may not see first oil for five years, says Petrobras’ João Henrique Rittershaussen during an OTC panel discussion.
Saudi Aramco Finds New Gas Fields in Four Regions
2022-02-28 - Two of the gas fields, Samna and Umm Khansar, are “non-conventional” or shale, according to Saudi Arabia Energy Minister Prince Abdulaziz bin Salman.
US Oil Demand Hits Highest Level Since Before Pandemic: EIA
2022-02-28 - Monthly gross natural gas production, meanwhile, rose 100 MMcf/d to a record 108.3 Bcf/d in the U.S. Lower 48 states in December, the EIA said in its monthly production report.
Petrobras Driving Digital Innovation for Offshore Technology
2022-02-28 - In this digitalization transformation era, Petrobras’ "innovation machine" aids in assembling a team to create new technologies, strong business strategies and increasing efficiencies.
US Drillers Add Oil, Gas Rigs for Record 19th Month
2022-02-25 - U.S. energy firms this week added oil and natural gas rigs for an eighth week in a row, which Baker Hughes said puts the total rig count up 248 rigs, or 62%, over this time last year.