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.
Munich Minerals and Royalty LP and Majestic Minerals and Royalty LP (MMR) retained RedOaks Energy Advisors as their exclusive adviser in connection with the sale of certain mineral properties located in the Midland and Delaware basins within the Permian.
MMR prefers offers by basin but will entertain offers on a tract basis.
Highlights:
- 2,393 Net Royalty Acres (normalized to 1/8th royalty)
- 119 horizontal producing wells
- 78 horizontal wells completed since 2018
- Near term projected growth:
- Eight Drilled but Uncompleted wells (DUCs) | 40 Permits
- 2020 projected cash flow: $1.4 million
- Key operators: SM Energy Co., Concho Resources Inc., Pioneer Natural Resources Co. and Parsley Energy Inc.
![Marketed: Midland, Delaware Basin Mineral Properties](/sites/default/files/inline-images/Marketed%20Midland%20%20Delaware%20Basin%20Mineral%20Properties.png)
Bids are due Feb. 13. For information visit redoaksenergyadvisors.com or contact David Carter, managing director of RedOaks, at David.Carter@redoaksadvisors.com or 214-420-2334.
Recommended Reading
Industry Consolidation Reshapes List of Top 100 Private Producers in the Lower 48
2024-06-24 - Public-private M&A brings new players to top slots in private operators list.
Private Equity Looks for Minerals Exit
2024-07-26 - Private equity firms have become adroit at finding the best mineral and royalties acreage; the trick is to get public markets to pay more attention.
Beetaloo Juice: US Shale Explores Down Under
2024-06-28 - Tamboran Resources has put together the largest shale-gas leasehold in Australia’s Beetaloo Basin, with plans for a 1.5+ Bcf/d play. Behind its move now to manufacturing mode are American geologists and E&P-builders, a longtime Australian wildcatter, a U.S. shale-rig operator and a U.S. shale pressure-pumper.
Northern Midland: EOG Brings on Dean Oil Well in SE Dawson Stepout
2024-06-18 - EOG Resources has not stated yet that Dawson County is the location of its new “stealth play.” It remained mum in an investment-banking conference this week.
Crackin’ It at Kraken: Inside the Bakken’s Ramped-up Private E&P
2024-07-24 - Kayne Anderson-backed Kraken Resources is producing more than 80,000 boe/d today and has a new Fitch Ratings credit score to take to the M&A bank.