Marketed: Rising Phoenix Diversified Mineral, Royalty Divestiture

Transaction Type
Sellers
Marketers
Basin
Williston Basin; D-J Basin; Wind River Basin; Permian Basin; Appalachian Basin
Announce Date
Post Date
Close Date
Room Opening 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.

Rising Phoenix Royalties is offering for sale a diversified mineral and royalty portfolio across several basins in the continental U.S. The asset is anchored by large royalty ownership in the Rockies (Williston, D-J, Wind River), Permian (Midland Basin) and Marcellus / Utica with notable commodity diversification of 75% and 28% liquids and an annualized 2022 cash flow of about $6.7 million.

The company has retained TenOaks Energy Advisors as its exclusive adviser in connection with the transaction.

Bids are due Oct. 26. The transaction has an effective date of Oct. 1 and is targeted to close in December. A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact B.J. Brandenberger at TenOaks Energy Advisors at 214-663-6999 or BJ.Brandenberger@tenoaksadvisors.com.

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