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.
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