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.

SandRidge Permian Trust is divesting all of its royalty interests located in the Permian Basin as part of a planned dissolution of the trust, according to TenOaks Energy Advisors which has been retained as exclusive adviser in connection with the transaction.

Highlights:

  • Overriding royalty interest across 57 producing vertical wells in Andrews County, Texas
  • Low-decline production profile | 5%-7% annual decline
  • Strong cash flow generation | NTM cash flow: $2.4 million
  • Oil-weighted reserves: 93% liquids | 7% gas
  • Operated by Avalon Exploration & Production
TenOaks Energy Advisors Marketed Map - SandRidge Permian Trust Royalty Acquisition Opportunity

Bids are due by noon CST May 27. The transaction is expected to have an effective date of July 1.

A virtual data room will be available starting April 27. For information visit tenoaksenergyadvisors.com or contact Trey Bonvino at TenOaks Energy Advisors at 214-420-2331 or Trey.Bonvino@tenoaksadvisors.com.

Onshore