Marketed: EnCore Permian Minerals Across Midland, Delaware Basins

The following information is provided by PetroDivest Advisors. All inquiries on the following listings should be directed to PetroDivest. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

EnCore Permian Holdings LP is offering for sale roughly 5,400 net royalty acres throughout the prolific Midland and Delaware basins in the Permian.

The package includes diversified exposure covering the cores of the two highest-returning U.S. basins and substantial near-term cash flow from horizontal development by premier operators drilling extended laterals utilizing next-generation completions techniques, according to PetroDivest Advisors, retained by EnCore to handle the transaction.

Highlights:

• ~5,400 Net Royalty Acres (60% Delaware and 40% Midland)
  • High-quality acreage spanning the oil-rich cores of the Delaware and Midland Basins
  • Top operators include Ovintiv Inc., Diamondback Energy Inc. and EOG Resources Inc.
• Substantial cash flow growth via DUC/Permit development
  • ~$1.4 million NTM net cash flow
  • 10 DUCs and 24 permits with an average ~0.6% Net Revenue Interest
• Operators completing prolific wells across multiple economic Wolfcamp, Sprayberry and Bone Springs targets
  • Significant delineation with IP,s and EUR’s consistently topping 1,500 boe/d, 1 million boe, respectively
  • ~220 horizontal rigs currently running throughout the Permian ensure mineral value acceleration
  • 15 rigs operating within 3 miles of postion

Process Summary:

• Evaluation materials available via the virtual data room on April 26
• Proposals due on May 19

For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.