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.
SandRidge Permian Trust is divesting all of its royalty interests located in the Permian Basin as part of a planned dissolution of the trust, according to TenOaks Energy Advisors which has been retained as exclusive adviser in connection with the transaction.
Highlights:
- Overriding royalty interest across 57 producing vertical wells in Andrews County, Texas
- Low-decline production profile | 5%-7% annual decline
- Strong cash flow generation | NTM cash flow: $2.4 million
- Oil-weighted reserves: 93% liquids | 7% gas
- Operated by Avalon Exploration & Production
Bids are due by noon CST May 27. The transaction is expected to have an effective date of July 1.
A virtual data room will be available starting April 27. For information visit tenoaksenergyadvisors.com or contact Trey Bonvino at TenOaks Energy Advisors at 214-420-2331 or Trey.Bonvino@tenoaksadvisors.com.
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