Marketed: Core D-J Basin Mineral, Royalty Opportunity

Transaction Type
Sellers
Marketers
Basin
D-J Basin
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
0MM
Description

The following information is provided by Detring Energy Advisors LLC. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

A private seller retained Detring Energy Advisors to market for sale about 10,270 net royalty acres concentrated in the prolific core of the Denver-Julesburg (D-J) Basin.

The assets, according to Detring, include meaningful cash flow of about $30 million (next 12 months) generated by more than 2,400 wells producing about 1,500 boe/d (net) and near-term growth driven by over 255 DUCs, 150 permits and roughly 40 locations within approved comprehensive drilling plan areas. Additionally, Detring added that substantial, high-returning inventory remains across over 2,600 undeveloped locations underneath premier, well-capitalized operators focused on the basin, with on-mineral development accelerating to about 45% of basin-wide TILs year-to-date—80% within two miles and 99% within five miles.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on Aug. 9   
  • Proposals due on Sept. 15

For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.

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