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.
Cypress Point Royalties LP and RSM Legacy LP (together “Royalty Clearinghouse”) retained TenOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of a diversified mineral and royalty portfolio.
Highlights:
- Unique opportunity to acquire a diversified royalty portfolio across numerous basins in the Lower 48
- Position spans 18 states, 283 counties and >6,500 wells
- Key basins include Permian Basin, Haynesville, Barnett, Eagle Ford, Marcellus/Utica and Bakken
- Strong, predictable cash flow stream
- April 2021 cash flow: $295,000 ($3.5 million annualized)
- Balanced commodity mix: 56% liquids / 44% gas
- Flat to increasing production over the last 50+ years
- Average of 50 completions per year over the last 5 years
Bids are due July 8. The transaction is expected to have a July 1 effective date.
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.
Recommended Reading
Texas LNG Export Plant Signs Additional Offtake Deal With EQT
2024-04-23 - Glenfarne Group LLC's proposed Texas LNG export plant in Brownsville has signed an additional tolling agreement with EQT Corp. to provide natural gas liquefaction services of an additional 1.5 mtpa over 20 years.
US Refiners to Face Tighter Heavy Spreads this Summer TPH
2024-04-22 - Tudor, Pickering, Holt and Co. (TPH) expects fairly tight heavy crude discounts in the U.S. this summer and beyond owing to lower imports of Canadian, Mexican and Venezuelan crudes.
What's Affecting Oil Prices This Week? (April 22, 2024)
2024-04-22 - Stratas Advisors predict that despite geopolitical tensions, the oil supply will not be disrupted, even with the U.S. House of Representatives inserting sanctions on Iran’s oil exports.
Association: Monthly Texas Upstream Jobs Show Most Growth in Decade
2024-04-22 - Since the COVID-19 pandemic, the oil and gas industry has added 39,500 upstream jobs in Texas, with take home pay averaging $124,000 in 2023.
What's Affecting Oil Prices This Week? (Feb. 5, 2024)
2024-02-05 - Stratas Advisors says the U.S.’ response (so far) to the recent attack on U.S. troops has been measured without direct confrontation of Iran, which reduces the possibility of oil flows being disrupted.