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

GRP Energy Capital LLC is seeking to divest certain mineral and royalty interests located across multiple major U.S. oil and gas basins. GRP has retained Stephens as its exclusive adviser relating to the transaction.

Package Summary:

  • Premier asset package consisting of ~28,000 net royalty acres (1/8th normalized)
    • ~6,000 NRA in the Permian, ~12,000 NRA in the DJ and ~4,000 NRA in the Williston
  • Material net production with NTM forecast of ~2,400 boe/d (>70% liquids); primarily from ~3,000 existing horizontal PDP wells
  • Strong cash flow – Next 12-month estimate >$50 million at current strip prices
  • Visible near term production growth supported by nearly 450 DUCs and permits
  • ~5,700 identified locations under basin-leading operators support long term yield stability
Stephens Inc Marketed Map - GRP Energy Capital Multibasin Mineral and Royalty Opportunity
(Source: Stephens Inc.)

The transaction is structured as a sale of assets with an effective date of April 1. The seller will also consider offers for all assets or a subset of the assets. However, preference will be given to offers for all assets.

Bids are due by April 14. A virtual data room is available. For information visit stephens.com or contact Max Young, Stephens associate, at Max.Young@stephens.com.

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