Marketed: Grenadier Energy Wolfcamp Shale Permian Basin Package

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

Grenadier Energy Partners II LLC retained EnergyNet for the sale of a Wolfcamp Shale opportunity in the Permian Basin through a sealed-bid offering closing June 30.

The offering is comprised of a 52 property package with producing and non-producing mineral, royalty and overriding royalty interests (ORRI) in Borden and Howard counties, Texas.

Highlights:

• 129.10 Net Acres
  • 103.03 Net Mineral Acres
  • 1.38 Net Non-Executive Mineral Acres
  • 16.69 Net Non-Participating Mineral Acres
  • 8.00 Net ORRI Acres
• Royalty Interest in 43 Properties:
  • 4.394531% to 0.001724% Royalty Interest
  • An Additional Non-Participating Royalty Interest in Four Properties
  • 37 Producing Properties | 6 Non-Producing Properties
• Non-Participating Royalty Interest in Four Producing Properties:
  • 0.07067% Non-Participating Royalty Interest
• Overriding Royalty Interest in 4 Producing Properties:
  • 0.055174% to 0.016095% ORRI
• Six-Month Average 8/8ths Production: 5,928 bbl/d of Oil and 11,004 Mcf/d of Gas
  • Current Net Production of ~16 boe/d
  • Next 12-Month Cash Flow PDP+DUCs: ~$200,000
  • Estimated June 2021 Cash Flow of ~$20,000/month
• Significant Development Potential on this Acreage
  • More Than 180 Locations Targeting the Proven Wolfcamp A, Wolfcamp B and Lower Spraberry
  • Additional Upside in the Emerging Middle Spraberry and Jo Mill Plays
• Select Operators include Sabalo Operating LLC (now Laredo), SM Energy Co. and Surge Operating LLC

Bids are due by 4 p.m. CST on June 30. For complete due diligence information on any of the packages visit energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.