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.
BHCH Mineral Ltd. retained TenOaks Energy Advisors for the sale of an undivided 50% of its legacy mineral and royalty portfolio located across numerous basins in the continental U.S.
BHCH owns a diversified mineral and royalty portfolio spanning many different basins throughout the Lower 48. The properties are broken up into four sub-packages.
The next 12-month cash flow for the total portfolio is $3.8 million, according to TenOaks.
Highlights:
Area 1: Delaware Basin
- 1,433 net royalty acres position largely focused in Reeves County, Texas, and New Mexico’s Lea County
- Substantial projected near-term growth driven by 30 DUCs / 54 active permits
- Total next 12-month cash flow: $2.0 million
Area 2: Midland Basin
- Notable Midland Basin royalty portfolio (718 net royalty acres) located in core counties in West Texas: Reagan, Glasscock and Howard
- Recent ramp in drilling activity on position as commodity prices have stabilized (12 DUCs / three active permits)
Area 3: Eagle Ford
- Unique Eagle Ford footprint focused on core counties with active development in South Texas: McMullen, La Salle, Karnes and Webb
- Position spans 2,802 net royalty acres
Area 4: Diversified Portfolio
- Substantial royalty position across several other basins outside of unconventional Permian / Eagle Ford
- Legacy, conventional Permian properties with stable cash flow
- Premier Midcon portfolio: Texas Panhandle, Anadarko and Arkoma
- Exposure to gas-weighted properties located in the Haynesville, Barnett and South Texas
Bids are due at noon CST on Aug. 27. The transaction is expected to have an Aug. 1 effective date.
A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 214-420-2327 or Forrest.Salge@tenoaksadvisors.com.
Recommended Reading
What Chevron’s Anchor Breakthrough Means for the GoM’s Future
2024-12-04 - WoodMac weighs in on the Gulf of Mexico Anchor project’s 20k production outlook made possible by Chevron’s ‘breakthrough’ technology.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
McKinsey: Big GHG Mitigation Opportunities for Upstream Sector
2024-11-22 - Consulting firm McKinsey & Co. says a cooperative effort of upstream oil and gas companies could reduce the world’s emissions by 4% by 2030.
Nigeria Halts Shell Asset Sale, Approves Exxon-Seplat Deal
2024-10-21 - Nigeria blocked Shell's sale of its entire onshore and shallow-water oil operations.
Nabors, ProPetro Plan to Deliver High Voltage to Drillers
2024-12-10 - Nabors Industries, in partnership with e2Companies, and, separately, ProPetro Holding Corp., both launched oilfield electrification solutions on Dec. 10.
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.