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.
Rising Phoenix Royalties is offering for sale a diversified mineral and royalty portfolio across several basins in the continental U.S. The company has retained TenOaks Energy Advisors as its exclusive adviser in connection with the transaction.
Key Considerations:
- Attractive mineral and royalty portfolio strategically positioned in areas with ongoing serendipitous growth
- Asset anchored by large royalty ownership in the Rockies (Williston, D-J, Wind River), Permian (Midland Basin) and Marcellus / Utica
- Notable commodity diversification: 75% gas | 28% liquids
- Predictable, growing cash flow profile
- August 2022 cash flow: ~$700,000
- Annualized 2022 cash flow: ~$6.7 million
Bids are due Oct. 26. The transaction has an effective date of Oct. 1 and is targeted to close in December.
A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact B.J. Brandenberger at TenOaks Energy Advisors at 214-663-6999 or BJ.Brandenberger@tenoaksadvisors.com.
Recommended Reading
Halliburton, Sekal Partner on World’s First Automated On-Bottom Drilling System
2025-02-26 - Halliburton Co. and Sekal AS delivered the well for Equinor on the Norwegian Continental Shelf.
Nabors, Corva Expand Alliance to Boost AI-Driven Innovation at Rig Sites
2025-04-13 - Nabors Drilling Technologies and Corva AI will use the RigCloud platform to provide real-time insights to crews directly at drilling sites, the companies said.
Woodside Awards SLB Drilling Contract for Project Offshore Mexico
2025-03-31 - SLB will deliver 18 ultra-deepwater wells for Woodside Energy’s Trion ultra-deepwater project starting in early 2026.
Halliburton, Nabors Collab to Deploy Drilling Automation in Oman
2025-04-15 - The companies integrated Halliburton’s Logix automation with Nabors Industries’ SmartROS rig operating system.
SLB Launches Electric Well Control Tech to Replace Hydraulics
2025-03-04 - SLB says the new systems reduce costs and provide real-time data for operators.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.