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.
Lincoln Energy Partners retained Meagher Energy Advisors for the sale of Denver-Julesburg (D-J) Basin producing and undeveloped minerals in Colorado’s Weld, Adams and Arapahoe counties and Laramie County, Wyoming.
Highlights:
- Strong cash flow in 365 horizontal wells including 73 wells on production in the last year
- 116 DUCs and an extensive undeveloped Tier 1 acreage position
- June 2022 estimated PDP plus DUC net cash flow of $621,000 and 313 boe/d (71% liquids)
- Next 12-month estimated net cash flow of $13 million
- 6,805 net royalty acres, 834 currently unleased
- ~60% of the acreage estimated to be undeveloped
- 206 permitted locations and 294 undeveloped cases under Civitas Resources, Chevron, PDC Energy, Occidental Petroleum and Verdad Resources
Bids are due June 7. The transaction has an effective date of June 1. A purchase and sale agreement is expected to be executed in June with closing by July 29.
For information visit meagheradvisors.com or contact Nick Asher, vice president of business development, at nasher@meagheradvisors.com.
Recommended Reading
Matador Stock Offering to Pay for New Permian A&D—Analyst
2024-03-26 - Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.
From Restructuring to Reinvention, Weatherford Upbeat on Upcycle
2024-02-11 - Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle.
JMR Services, A-Plus P&A to Merge Companies
2024-03-05 - The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.
New Fortress Energy Sells Two Power Plants to Puerto Rico
2024-03-18 - New Fortress Energy sold two power plants to the Puerto Rico Electric Power Authority to provide cleaner and lower cost energy to the island.
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.