The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Verde Royalty Partners has retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of its Eagle Ford royalty properties in DeWitt and Lavaca counties, Texas.
Highlights:
- Operator: Teal Natural Resources
- Eagle Ford liquid-rich window: DeWitt and Lavaca Counties
- High interest ownership in 21 DSUs
- 1,707 net royalty acres (normalized to 1/8th)
- PDP PV-10: $2.6 million
- 65 horizontal producing wells (average Net Revenue Interest 1.42%)
- Next 12 months projected cash flow: $1.5 million
- Significant near term development: Seven active permits, 165 quantified drillable locations
- Total PV-10: $20.5 million
Bids are due Feb. 18. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.
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