The following information is provided by Momentum Minerals LLC. All inquiries on the following listings should be directed to Momentum Minerals and/or Tudor, Pickering, Holt & Co. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Momentum Minerals LLC, a premier mineral and royalty acquisition fund, announced on Feb. 16 that Tudor, Pickering, Holt & Co. (TPH) has been retained by Momentum to seek proposals for the sale of mineral assets in the Delaware, Midland, South Texas, Haynesville and Williston basins.

Highlights:

  • Seven packages of mineral assets located in the most active and prominent basins in the L48: Delaware, Midland, South Texas, Haynesville and Williston
  • Ability to bid on all or any combination of asset packages 
  • Total package represents ~35,000 net royalty acres (1/8th normalized) 
    • Average PDP NRI of ~0.6%
  • Fourth-quarter 2021 total net production of ~5,800 boe/d with 2022E net production of ~6,200 boe/d 
    • >4,000 gross PDP locations 
    • Visible, near-term activity supported by >650 activity wells (WIP, DUC, Permit) 
  • Combined 2022E cash flow >$90 million
  • Packages situated in the core of each respective basin with highly economic inventory actively being developed by leading operators 
    • >8,500 identified inventory

Key Process Dates:

  • Feb. 16: Virtual data room opens 
  • Feb. 17 – March 18: Management Presentations and Q&A sessions available 
  • March 22: Proposals due 
  • Direct proposal inquiries to Eric Marshall: EMarshall@tphco.com
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