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

Jetstream Royalty Partners retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its Delaware Basin royalty properties.

Highlights:

Tier 1 Delaware Position Built on Near-Term Activity, Top Tier Operators, and Best-in-Basin Rock Quality

  • 1,207 net royalty acres
    • 883 net royalty acres in Lea and Eddy counties, New Mexico
    • 323 net royalty acres in Reeves, Pecos and Ward counties, Texas
  • Surge of near-term cash flow driven by DUCs / Permits / Pre-Permits (Application for Permit to Drill)
    • Next 12-month: $9.2 million
    • Five rigs currently on position
    • 38 DUCs
    • 118 Permits
    • 73 Pre-Permits/APDs
  • 723 undeveloped horizontal locations (2nd BS, 3rd BS, WCA, WCB)
    • Multiple unquantified benches (Brushy Canyon, Avalon, 1st BS, WCC, WCD)

Operated by the strongest E&Ps in the Delaware Basin

  • Key Operators by net royalty acreage: ConocoPhillips (18%), Diamondback Energy (15%), Mewbourne Oil (14%)
  • Top 9 Jetstream operators are currently running 47 rigs in the Delaware Basin
TenOaks Energy Advisors Marketed Map - Jetstream Royalty Partners Delaware Basin Position
(Source: TenOaks Energy Advisors LLC)

Bids are due by noon CST on Nov. 11. The transaction is expected to have an effective date of Dec. 1 with a purchase and sale agreement signing targeted by Dec. 8.

A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact Lindsay Sherrer at TenOaks Energy Advisors at 214-420-2324 or Lindsay.Sherrer@tenoaksadvisors.com.

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