Marketed: Excess Energy Multibasin Royalty Divestiture

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Delaware Basin; Midland Basin; Eagle Ford Shale; East Texas
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

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.

Excess Energy LLC retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain royalty properties located across multiple basins totaling 2,263 net royalty acres with a next 12-month net cash flow of  $7.5 million. The seller will entertain offers on an area-by-area basis divided up between the Eagle Ford Shale, the Delaware Basin and Midland Basin in the Permian Basin and East Texas.

Bids are due Aug. 11. The transaction is expected to have an effective date of Aug. 1. A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.

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