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

A private seller has retained Detring Energy Advisors for the sale of its mineral and royalty interests in the Permian and Powder River basins. The package includes 800 undeveloped locations.

detring
(Source: Detring Energy Advisors)

Opportunity Highlights:

  • 2,038 Net Acre Position | Broad, High-Activity Footprint
    • Expansive position with statistical coverage provides exposure to consistent on-minerals activity
      • Last 6-month average ~12 spuds/month on-minerals as operators continue pad development across multiple zones
    • Assets evenly distributed across the Permian and Powder River Basins, under highly active, well capitalized in-basin operators
      • Exposure to premier operators EOG, Mewbourne, Permian Resources, and Devon ensures sustained activity and development
  • Robust $10MM NTM Cash Flow | Rapidly Growing Development
    • 516 producing wells (~430 horizontal) offer a stable, low-decline production base, underpinning future growth
      • PDP Net Production: 280 Boed (76% liquids)
      • PDP PV8: $17MM
    • Substantial operator activity results in rapid growth underwritten by recent DUCs (81) and permits (68)
      • DUC and permit inventory provides 11 months of line-of-sight growth
  • ~800 Undeveloped Locations | Assets <40% Developed
    • World-class, repeatable well results facilitate the full development of all available targets over time
      • Average ROI-Disc. >2x across all 15+ formations demands allocation of operator capital
    • Significant remaining inventory drives long-term growth for coming decades
      • 3P Net Reserves: 3.1MMBoe
      • 3P PV10: $66MM ($138MM PV0)

Bids are due May 22. For complete due diligence, please visit detring.com or email Melinda Faust, managing director, at mel@detring.com or Jonathan Bristal at jonathan@detring.com.

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