The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
A private seller is offering for sale certain mineral and royalty properties located in the Delaware and Midland basins. The company retained TenOaks Energy Advisors as its exclusive adviser in connection with the transaction.
Key Considerations:
- Legacy mineral and royalty portfolio strategically positioned in rapidly developing areas of both the Delaware and Midland basins
- Expansive footprint covering 7,503 Net Royalty Acres (Delaware Basin: 2,806 Net Royalty Acres | Midland Basin: 4,697 Net Royalty Acres)
- Accelerated growth with 11 rigs on position
- 149 horizontal spuds on position in 2021 | On pace for ~200 spuds in 2022
- 13.5 new permits filed each month since Jan-21
- Next 12-month Cash Flow: $32 million
- Significant near-term cash flow growth expected from a vast inventory of DUCs (115) and active permits (141)
- >20 years of development inventory features >3,800 quantified drilling locations targeting proven benches with low breakeven economics
Bids are due at noon CST on July 28. The transaction effective date is July 1.
A virtual data room is available. 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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