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.
The Brown Foundation retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain diversified royalty properties. The position stretches across five states, 44 counties and more than 400 wells including over 900 net royalty acres modeled in the Permian Basin.
Key Considerations:
- Diversified royalty portfolio that spans multiple conventional and unconventional basins
- >900 net royalty acres modeled across the Midland and Delaware Basins
- Well-established track record of consistent cash flow (average annual cash flow since 2003: $751,000 / year)
- Next 12-month forecasted cash flow: $2.2 million (55% PDP | 45% DUC)
![RedOaks Energy Advisors Marketed Map - Brown Foundation Diversified Royalty Divestiture](/sites/default/files/inline-images/RedOaks%20Energy%20Advisors%20Marketed%20Map%20-%20Brown%20Foundation%20Diversified%20Royalty%20Divestiture.jpg)
Bids are due at noon CST on Nov. 29. The transaction is expected to have an effective date of Nov. 1.
For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.
Recommended Reading
Sea Power: Noble’s Deal Fires Major Volley in Offshore, Services M&A
2024-06-14 - Noble Corp.’s $1.6 billion acquisition of Diamond Offshore Drilling may seem like small potatoes compared to the upstream sectors’ massive megadeals, but service sector consolidation could snowball, analysts said.
Private Equity Looks for Minerals Exit
2024-07-26 - Private equity firms have become adroit at finding the best mineral and royalties acreage; the trick is to get public markets to pay more attention.
How Liberty Rolls: Making Electricity, Using NatGas to Fuel the Oilfield
2024-08-22 - Liberty Energy CEO Chris Wright said the company is investing in keeping its frac fleet steady as most competitors weather a downturn in oil and gas activity.
VAALCO Reports Increased Reserves After Svenska Deal
2024-07-16 - VAALCO acquired Swedish E&P Svenska’s 27.39% non-operated working interest in the deepwater Baobab Field in Block CI-40, offshore Côte d’Ivoire.
Exclusive: XCL Increases Production Amidst Lookout for More Inventory
2024-06-07 - XCL Resources is beginning its journey to acquire Altamont Energy, but in the meantime, the company is refining its operations in the Uinta Basin to find the perfect lateral length.