The following information is provided by RedOaks Energy Advisors. All inquiries on the following listings should be directed to RedOaks Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Galatyn Minerals LP retained RedOaks Energy Advisors for the sale of certain mineral and royalty properties located in Oklahoma, Louisiana and Texas. The mineral portfolio covers approximately 6,200 net mineral acres and 3,380 net royalty acres focused in the Mid-Continent region.
Key Considerations
- ~8,380 net royalty acres ("NRA") in the core of the Mid-Con
- NTM forecasted net cash flow: $3.4 MM
- Diversified production base spread across 340 producing horizontal wells
- PDP PV-10: $4.7 MM
- Consistent drilling activity on the position with significant line of sight to near-term development (13 - DUCs / Permits)
- DUC / Permit PV-10: $1.1 MM
- Primary operators: Continental, Ovintiv, EOG, Citizen, and Camino
- Upside inventory features 1,500+ quantified drilling locations targeting heavily delineated benches
Bids are due at noon CST on Oct. 5, 2023. For complete due diligence information, please visit redoaksenergyadvisors.com or email David Carter, partner, at david.carter@redoaksadvisors.com.
Recommended Reading
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
2024-12-30 - Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
2024-12-04 - SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
2024-10-30 - Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
Exxon Slips After Flagging Weak 4Q Earnings on Refining Squeeze
2025-01-08 - Exxon Mobil shares fell nearly 2% in early trading on Jan. 8 after the top U.S. oil producer warned of a decline in refining profits in the fourth quarter and weak returns across its operations.
Mexico Pacific Working with Financial Advisers to Secure Saguaro LNG I FID
2024-10-23 - Mexico Pacific is working with MUFG, Santander and JP Morgan to arrange the financing needed to support FID and the anchor phase of Saguaro Energía LNG.
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.