The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Lincoln Energy Partners retained Meagher Energy Advisors for the sale of Denver-Julesburg (D-J) Basin producing and undeveloped minerals in Colorado’s Weld, Adams and Arapahoe counties and Laramie County, Wyoming.
Highlights:
- Strong cash flow in 365 horizontal wells including 73 wells on production in the last year
- 116 DUCs and an extensive undeveloped Tier 1 acreage position
- June 2022 estimated PDP plus DUC net cash flow of $621,000 and 313 boe/d (71% liquids)
- Next 12-month estimated net cash flow of $13 million
- 6,805 net royalty acres, 834 currently unleased
- ~60% of the acreage estimated to be undeveloped
- 206 permitted locations and 294 undeveloped cases under Civitas Resources, Chevron, PDC Energy, Occidental Petroleum and Verdad Resources
Bids are due June 7. The transaction has an effective date of June 1. A purchase and sale agreement is expected to be executed in June with closing by July 29.
For information visit meagheradvisors.com or contact Nick Asher, vice president of business development, at nasher@meagheradvisors.com.
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