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.
Excess Energy LLC retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain royalty properties located across multiple basins.
- 2,263 net royalty acres located across four major areas (Eagle Ford, Delaware Basin, Midland Basin and East Texas)
- Next 12-month Net Cash Flow: $7.5 million (28% PDP | 57% DUC/Permit | 15% Location)
- Significant near-term development from 64 DUCs and 70 permits
- Key operators: EOG Resources Inc., Lewis Petroleum, Centennial Resource Development Inc., Mewbourne Oil Co. and Aethon Energy
- Seller will entertain offers on an area-by-area basis
Bids are due Aug. 11. The transaction is expected to have an effective date of Aug. 1.