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

A private seller retained Detring Energy Advisors to market for sale its mineral interests located in the Permian’s Delaware and Midland sub-basins and the Eagle Ford Shale.

According to Detring, the assets offer an attractive opportunity to acquire resilient, high-margin cash flow from hundreds of horizontal PDP wells with significant near-term production growth generated by highly economic DUCs and permits and net royalty acreage operated by premier active operators including EOG Resources Inc., Occidental Petroleum Corp., Marathon Oil Corp. and ConocoPhillips Co. providing confidence in future development plus diversified exposure to the three most fertile and active basins in the Lower 48 with leading well economics.

Highlights:

  • Robust Net Cash Flow of ~3.1 million NTM (40% Eagle Ford | 32% Delaware | 28% Midland)
  • Liquids rich production generated from ~300 horizontal PDP wells
  • Near-term cash flow growth generated by 31 DUCs and 30 Permits – Three Rigs on site
  • 1,759 NRA (53% Eagle Ford | 24% Delaware | 23% Midland) providing exposure to 70+ drilling units spanning >60,000 gross acres
  • Net PV0 and reserves of ~$132 million and ~4,500 Mboe, respectively
  • 91% of reserves undeveloped with >1,100 economic locations remaining
  • High activity levels by well-capitalized operators underscore predictable long-term growth
  • Acreage position sits in the core of each play suited for long-lateral, multi-bench development
Detring Energy Advisors Marketed Map - Permian Basin Eagle Ford Mineral Acquisition Opportunity
(Source: Detring Energy Advisors)

Process Summary:

  • Evaluation materials available via the Virtual Data Room on April 29
  • Proposals due on May 27
  • Seller prefers to sell the assets in a single transaction but will entertain offers for sub-portions of the package

For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.

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