The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Rising Phoenix Royalties is offering for sale a diversified mineral and royalty portfolio across several basins in the continental U.S. The company has retained TenOaks Energy Advisors as its exclusive adviser in connection with the transaction.
Key Considerations:
- Attractive mineral and royalty portfolio strategically positioned in areas with ongoing serendipitous growth
- Asset anchored by large royalty ownership in the Rockies (Williston, D-J, Wind River), Permian (Midland Basin) and Marcellus / Utica
- Notable commodity diversification: 75% gas | 28% liquids
- Predictable, growing cash flow profile
- August 2022 cash flow: ~$700,000
- Annualized 2022 cash flow: ~$6.7 million
Bids are due Oct. 26. The transaction has an effective date of Oct. 1 and is targeted to close in December.
A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact B.J. Brandenberger at TenOaks Energy Advisors at 214-663-6999 or BJ.Brandenberger@tenoaksadvisors.com.
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