Marketed: EnCore Permian Mineral Portfolio Across Midland, Delaware Basins
Transaction Type
Sellers
Marketers
Basin
Permian Basin; Delaware Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price
MM
Description
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.
EnCore Permian Holdings retained TenOaks Energy Advisors LLC as its exclusive adviser for the sale of its Permian Basin mineral portfolio.
Asset Highlights:
- Diversified Mineral Position Across the Midland and Delaware Basins
- 8,267 Net Royalty Acres (NRA)
- 5,656 NRA in the Midland Basin (Howard, Midland, Martin, Upton and Borden counties, Texas)
- 2,611 NRA in the Delaware Basin (Reeves, Ward and Winkler counties, Texas, and Lea County, N.M.)
- EnCore will entertain separate offers for the Midland and Delaware Basin properties as well as offers for individual tracts
- 8,267 Net Royalty Acres (NRA)
- Growing Cash Flow Controlled by Leading Operators
- Projected forward 12-month cash flow (PDPs, DUCs, and Permits): $5.12 million ($427,000 per month)
- 65 producing horizontal wells, 18 drilled but uncompleted wells (DUCs) and 15 permits
- Key operators include SM Energy, Occidental Petroleum, XTO Energy, Centennial Resource Development and Diamondback Energy
- Projected forward 12-month cash flow (PDPs, DUCs, and Permits): $5.12 million ($427,000 per month)
Bids are due April 9. For information visit tenoaksenergyadvisors.com or contact B.J. Brandenberger, TenOaks partner, at 214-420-2323 or bj.brandenberger@tenoaksadvisors.com.