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.
Recommended Reading
Exclusive: Novi Labs’ Ludwig on AI Preventing Costly Drilling Mistakes
2024-12-12 - Novi Labs President and Co-Founder Jon Ludwig gives insight on how AI and machine learning allow diverse applications for oil and gas operations and less risk for cataclysmic failure, in this Hart Energy Exclusive interview.
Range Confirms: Data Center Talk Underway for Marcellus Gas-fired Power
2024-10-24 - Deals will take a while, however, as these multi-gigawatt agreements are also multi-decade investments, said Range Resources CFO Mark Scucci.
As Permian Gas Pipelines Quickly Fill, More Buildout Likely—EDA
2024-10-28 - Natural gas volatility remains—typically with prices down, and then down further—but demand is developing rapidly for an expanded energy market, East Daley Analytics says.
Afterthought to Asset: How Data has Transformed Oil, Gas Decision-Making
2024-12-05 - Digital data points have transformed from a byproduct of operations to the main driver of innovation in the energy industry, says Fabricio Sousa, president of Worley Consulting.
Permanent Magnets Emerge as a Game-Changer for ESP Technology
2024-12-19 - In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing.
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.