The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
De Soto Royalty Co. II LLC retained RedOaks Energy Advisors for the sale of its mineral and royalty interests located in the Delaware and Midland basins within the Permian.
In the Delaware, interests are located in Culberson, Loving, Pecos, Reeves and Ward counties, Texas. As for the Midland Basin, interests are across Glasscock, Reagan and Upton counties, Texas.
The company prefers offers by basin but will entertain offers for individual tracts, according to RedOaks, which has been retained as De Soto's exclusive adviser in connection with the transaction.
Highlights
- 634 Net Royalty Acres
- 54 producing horizontal wells
- Near-term growth story:
- 20 drilled but uncompleted wells
- 14 Permits
- Projected 2019 cash flow: $150,000 per month ($1.8 million annualized)
- Key operators: XTO Energy Inc., Pioneer Natural Resources Co., Parsley Energy Inc. and Carrizo Oil & Gas Inc.
Bids are due May 15. For information visit redoaksenergyadvisors.com or contact David Carter, managing director of RedOaks, at David.Carter@redoaksadvisors.com or 214-420-2334.
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