The following information is provided by Eagle River Energy Advisors LLC. All inquiries on the following listings should be directed to Eagle River. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Eagle River Energy Advisors LLC has been exclusively retained by affiliates of Blackriver LLC for the divestiture of certain mineral interest assets and associated development rights in the Denver-Julesburg (D-J), Appalachian, Powder River and Anadarko basins of Colorado, Ohio, Pennsylvania, West Virginia, Wyoming and Oklahoma.
Highlights:
Multibasin Mineral Interest Assets
- Generating stable cash flow with shallow decline
- $2.3 million annualized net cash flow for 2021 (first seven months)
- Assets distributed across four U.S. onshore basins
- D-J Basin: 87% of last 12-month cash flow | 3,354 net royalty acres
- Appalachian Basin: 9% of last 12-month cash flow | 233 net royalty acres
- Powder River Basin: 3% of last 12-month cash flow | 962 net royalty acres
- Anadarko Basin / Other: 1% of last 12-month cash flow | 14 net royalty acres
Highly Diversified Production Profile
- Balance of oil-weighted and gas-weighted producing assets
- ~1,100 producing wells
- 230 boe/d production
- 28% Oil / 60% Gas / 12% NGL
- Diversified across multiple, Basin-leading operators
- Occidental Petroleum, PDC Energy, Chevron, Cabot Oil & Gas (now Coterra Energy), Devon Energy and others
Significant Remaining Upside
- Near term development and operational upside
- Over 30 DUCs, 250 Permitted locations, and Over 50 shut-ins
- 1,000+ identified undeveloped locations
Bids are due at 4 p.m. MT on Dec. 15. A virtual data room will be available starting Nov. 15.
For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.
Recommended Reading
Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation
2024-10-18 - Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.
Analyst: Is Jerry Jones Making a Run to Take Comstock Private?
2024-09-20 - After buying more than 13.4 million Comstock shares in August, analysts wonder if Dallas Cowboys owner Jerry Jones might split the tackles and run downhill toward a go-private buyout of the Haynesville Shale gas producer.
Aethon, Murphy Refinance Debt as Fed Slashes Interest Rates
2024-09-20 - The E&Ps expect to issue new notes toward redeeming a combined $1.6 billion of existing debt, while the debt-pricing guide—the Fed funds rate—was cut on Sept. 18 from 5.5% to 5%.
Dividends Declared Sept.16 through Sept. 26
2024-09-27 - Here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
CEO: Breakwall Providing Capital as RBLs ‘Materially’ Decrease
2024-10-09 - Breakwall Capital is stepping in to bridge the gap from the historic days of reserve-based lending, Breakwall Managing Partner and co-CEO Jamie Brodsky said at Hart Energy's Energy Capital Conference in Dallas.
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.