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

A private seller retained PetroDivest Advisors to market its roughly 2,280 net royalty acres of mineral and royalty interest distributed throughout various counties in North Dakota and Texas.

The assets offer an attractive opportunity to acquire interest across key plays in the Lower 48 such as the Bakken, Eagle Ford, Austin Chalk and Gulf Coast, according to PetroDivest, including significant remaining potential that provides asset longevity and growth beyond about $300,000 net next 12-month cash flow (PDP-only) as highly economic well performance continues to attract capital, underpinning renewed activity and development.

Highlights:

  • 2,279 Net Royalty Acres
    • High-quality acreage in premier plays across Texas and North Dakota with exposure to active regional operators
      • Top operators include Oasis Petroleum, Hilcorp Energy, Hess, EOG Resources and others
    • Remaining horizontal inventory provides uplift to and maintenance of current production and cash flow
  • ~$300,000 Next 12-month Cash Flow
    • Stable PDP production provides cost-free cash flow with substantial growth potential through additional development
      • PDP PV-0: $3.1 million
      • PDP PV-10: $1.4 million
      • 2022E PDP Cash Flow: ~$280 million
    • Robust, oil-weighted reserve base
      • Net PDP Reserves: 63,000 boe (67% Oil)
  • ~16 boe/d Net Production
    • Texas Region
      • Various counties across Texas, including access to Eagle Ford and Gulf Coast stacked-pay
      • 150 wells (average Royalty Interest: ~0.3%)
      • Net PDP Reserves: ~60,000 boe
    • Williston Basin
      • Burke & Mountrail County, North Dakota in the heart of Williston Basin horizontal development
      • 229 wells (average Royalty Interest: ~0.02%)
      • Net PDP Reserves: ~5,000 boe
PetroDivest Marketed Map - Texas Williston Basin Royalty Interest Package
(Source: PetroDivest Advisors)

Process Summary:

  • Evaluation materials available via the Virtual Data Room on Sept. 29
  • Bids due Oct. 27

For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

Comments