The following information is provided by Detring Energy Advisors. All inquiries on the following listings should be directed to Detring Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

A private seller has retained Detring Energy Advisors for the sale of its mineral and royalty interests in the Permian and Powder River basins. The package includes 800 undeveloped locations.

(Source: Detring Energy Advisors)

Opportunity Highlights:

  • 2,038 Net Acre Position | Broad, High-Activity Footprint
    • Expansive position with statistical coverage provides exposure to consistent on-minerals activity
      • Last 6-month average ~12 spuds/month on-minerals as operators continue pad development across multiple zones
    • Assets evenly distributed across the Permian and Powder River Basins, under highly active, well capitalized in-basin operators
      • Exposure to premier operators EOG, Mewbourne, Permian Resources, and Devon ensures sustained activity and development
  • Robust $10MM NTM Cash Flow | Rapidly Growing Development
    • 516 producing wells (~430 horizontal) offer a stable, low-decline production base, underpinning future growth
      • PDP Net Production: 280 Boed (76% liquids)
      • PDP PV8: $17MM
    • Substantial operator activity results in rapid growth underwritten by recent DUCs (81) and permits (68)
      • DUC and permit inventory provides 11 months of line-of-sight growth
  • ~800 Undeveloped Locations | Assets <40% Developed
    • World-class, repeatable well results facilitate the full development of all available targets over time
      • Average ROI-Disc. >2x across all 15+ formations demands allocation of operator capital
    • Significant remaining inventory drives long-term growth for coming decades
      • 3P Net Reserves: 3.1MMBoe
      • 3P PV10: $66MM ($138MM PV0)

Bids are due May 22. For complete due diligence, please visit or email Melinda Faust, managing director, at or Jonathan Bristal at