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](/sites/default/files/inline-images/detring%20.jpg)
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
- Expansive position with statistical coverage provides exposure to consistent on-minerals activity
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- 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
- Assets evenly distributed across the Permian and Powder River Basins, under highly active, well capitalized in-basin operators
- 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)
- 516 producing wells (~430 horizontal) offer a stable, low-decline production base, underpinning future growth
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- PDP PV8: $17MM
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- 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
- Substantial operator activity results in rapid growth underwritten by recent DUCs (81) and permits (68)
- ~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
- World-class, repeatable well results facilitate the full development of all available targets over time
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- Significant remaining inventory drives long-term growth for coming decades
- 3P Net Reserves: 3.1MMBoe
- Significant remaining inventory drives long-term growth for coming decades
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- 3P PV10: $66MM ($138MM PV0)
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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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