Marketed: Kimmeridge Energy Royalty Sale, Permian Basin, Eagle Ford

Kimmeridge Energy Management Co. LLC retained TenOaks Energy Advisors for the sale of a sizable royalty position located in the Permian Basin and Eagle Ford Shale.

Provided by TenOaks Energy Advisors

Kimmeridge Energy Management Co. LLC retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain royalty properties located in the Permian Basin and Eagle Ford Shale. The sizable royalty position covers 10,310 net royalty acres (73% Eagle Ford / 27% Permian Basin) with over 900 producing horizontal wells across multiple formations. The assets are primarily operated by Callon Petroleum and Texas American Resources Co.

Bids are due by noon CST on Feb. 15. The transaction is expected to have an effective date of Jan. 1 with a purchase and sale agreement signing targeted by March 8. A virtual data room will be available starting Jan. 13. For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 817-233-4096 or Forrest.Salge@tenoaksadvisors.com.

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