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.
Recommended Reading
Freshly Public New Era Touts Net-Zero NatGas Permian Data Centers
2024-12-11 - New Era Helium and Sharon AI have signed a letter of intent for a joint venture to develop and operate a 250-megawatt data center in the Permian Basin.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
E&P Highlights: Dec. 30, 2024
2024-12-30 - Here’s a roundup of the latest E&P headlines, including a substantial decline in methane emissions from the Permian Basin and progress toward a final investment decision on Energy Transfer’s Lake Charles LNG project.
Liberty Energy, DC Grid to Collaborate on Turnkey Power Solutions
2025-01-08 - Liberty Energy’s power solutions and DC Grid’s direct current systems will offer rapidly deployed, scalable and sustainable power for data centers, among other uses.
E&P Highlights: Dec. 16, 2024
2024-12-16 - Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
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.