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.
Addax Minerals retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of its multibasin royalty properties.
The offering includes royalty acreage across eight major basins in Colorado, Oklahoma, North Dakota, Pennsylvania and Texas.
Highlights:
- 2,685 Net Royalty Acres across eight major basins
- Significant near-term development: 12 DUCs | 32 Permits
- Projected next 12-month cash flow: $1.4 million
- PDP + DUC + Permit PV-10: $5.9 million
- 872 Horizontal PDPs
- Primary operators: Continental Resources, Chesapeake Energy, Exxon Mobil
Bids are due Sept. 8. The transaction is expected to have an Aug. 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 214-727-4996.
Recommended Reading
Berry Closes Debt Refinancing to Uphold Growth Commitments
2024-12-26 - Berry Corp. closed a debt refinancing agreement to continue its corporate strategy of promoting scale and diversification.
US NatGas Prices Retreat From 2-Year Peak on Forecasts of Less Cold
2024-12-26 - U.S. natural gas futures fell more than 5% on Dec. 26 from a near two-year high in holiday-thinned trade.
New York to Fine Fossil Fuel Companies $75B Under New Climate Law
2024-12-26 - New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate.
Oil Prices Ease as Markets Weigh China Stimulus Hopes
2024-12-26 - Oil edged lower on Dec. 26 in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China.
Small Steps: The Continuous Journey of Drilling Automation
2024-12-26 - Incremental improvements in drilling technology lead to significant advancements.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.