Marketed: Midland Basin Minerals, Nonop Working Interest Properties

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Midland Basin
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.

A private seller retained RedOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of its royalty, mineral and nonoperated working interest properties in the Midland Basin primarily in Martin and Howard counties in West Texas. The offering comprises of 940 net royalty acres plus 43 net acres of working interest in two Birch Resources units. Next 24 months projected cash flow from the assets is $20 million.

Bids are due July 20. The transaction is expected to have a June 1 effective date.

A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.

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