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The following information is provided by TenOaks Energy Advisors and Detring Energy Advisors. All inquiries on the following listings should be directed to TenOaks Energy Advisors and Detring Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Below is a roundup of marketed oil and gas leaseholds in Appalachia and the Central Basin from select E&Ps.
San Jacinto Minerals Appalachia Mineral, Royalty Sale
San Jacinto Minerals I LLC has retained TenOaks Energy Advisors for the sale of certain mineral and royalty properties in Appalachia.
Opportunity Highlights
• Rare opportunity to acquire a best-in-class mineral and royalty portfolio spanning 13,708 NRA in the heart of the Marcellus and Utica plays;
• Stable development cadence with >100 TILs per year across the position over the last 10 years;
• $85MM PDP PV10 | $264MM total PV10;
• $22MM NTM cash flow; and
• Line of sight to future growth with 100 WIPs/Permits and >1,300 remaining Marcellus/Utica locations.
Bids are due March 6 at noon CST. For complete due diligence, please visit tenoaksenergyadvisors.com, or email B.J. Brandenberger, partner, at bj.brandenberger@tenoaksadvisors.com, or Forrest Salge, director, at forrest.salge@tenoaksadvisors.com.
Permian Production Partners Central Basin CO2 Opportunity
Permian Production Partners has retained Detring Energy Advisors for the sale of its oil and gas leasehold, conventional properties and related infrastructure in Ward and Winkler counties, Texas.
Opportunity Highlights
- Oil-rich conventional production from stable, low decline wells
- Robust liquids-weighted production (~100% oil) generating ~2,900 boe/d
- PDP PV10: $68 million
- ~1,000 active producers, ~600 active injectors, and 2 water supply wells
- Average WI of 99% and average NRI of 81%, with an elevated lease NRI of 82%
- Steady low-decline production from long-life fields with both primary production and active EOR operations
- 8% NTM production decline
- Robust liquids-weighted production (~100% oil) generating ~2,900 boe/d
- ~60,000 concentrated net acres, both 100% operated and 100% held-by-production
- Future development opportunities can be 100% funded through PDP cash flow
- 3P PV10: $1.4Bn
- 3P Net Reserves: 144 MMBoe
- Future development opportunities can be 100% funded through PDP cash flow
Bids are due March 19. For complete due diligence, please visit detring.com, or email Derek Detring, president, at derek@detring.com, or Melinda Faust, managing director, mel@detring.com.
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