Marketed: PennMarc Resources Appalachia ORRI Position

Transaction Type
Sellers
Marketers
Basin
Appalachian Basin; Marcellus Shale
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

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

PennMarc Resources retained PetroDivest Advisors to market for sale its oil and gas royalty interests located in Pennsylvania’s Wyoming County.

The assets include a large core dry-gas overriding royalty interest (ORRI) position in the prolific Northeastern Pennsylvania’s Marcellus Shale play, exposure to premier Marcellus operators actively drilling extended laterals utilizing next-gen completion techniques and stable, predictable cash flow from over 200 currently producing wells, PetroDivest said.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on July 12
  • Bids are due on Aug. 4

PetroDivest anticipates the sign and close to occur by late September. For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

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