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.