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.
EnCore Permian Holdings retained TenOaks Energy Advisors LLC as its exclusive adviser for the sale of its Permian Basin mineral portfolio.
Asset Highlights:
- Diversified Mineral Position Across the Midland and Delaware Basins
- 8,267 Net Royalty Acres (NRA)
- 5,656 NRA in the Midland Basin (Howard, Midland, Martin, Upton and Borden counties, Texas)
- 2,611 NRA in the Delaware Basin (Reeves, Ward and Winkler counties, Texas, and Lea County, N.M.)
- EnCore will entertain separate offers for the Midland and Delaware Basin properties as well as offers for individual tracts
- 8,267 Net Royalty Acres (NRA)
- Growing Cash Flow Controlled by Leading Operators
- Projected forward 12-month cash flow (PDPs, DUCs, and Permits): $5.12 million ($427,000 per month)
- 65 producing horizontal wells, 18 drilled but uncompleted wells (DUCs) and 15 permits
- Key operators include SM Energy, Occidental Petroleum, XTO Energy, Centennial Resource Development and Diamondback Energy
- Projected forward 12-month cash flow (PDPs, DUCs, and Permits): $5.12 million ($427,000 per month)
Bids are due April 9. For information visit tenoaksenergyadvisors.com or contact B.J. Brandenberger, TenOaks partner, at 214-420-2323 or bj.brandenberger@tenoaksadvisors.com.
Recommended Reading
ONEOK Offers $7B in Notes to Fund EnLink, Medallion Midstream Deals
2024-09-11 - ONEOK intends to use the proceeds to fund its previously announced acquisition of Global Infrastructure Partners’ interest in midstream companies EnLink and Medallion.
Talos Ups Buybacks, Pays Down Debt Post $1.29B QuarterNorth Deal
2024-07-22 - Talos Energy said it repaid $325 million in debt since closing its $1.29 billion cash-and-stock acquisition of E&P QuarterNorth in March.
Archrock Offers Common Stock to Help Pay for TOPS Transaction
2024-07-23 - Archrock, which agreed to buy Total Operations and Production Services (TOPS) in a cash-and-stock transaction, said it will offer 11 million shares of its common stock at $21 per share.
The ABCs of ABS: Financing Technique Shows Flexibility and Promise
2024-07-29 - As the number of ABS deals has grown, so have investors’ confidence with the asset and the types of deals they are willing to underwrite.
Halliburton Sees NAM Activity Rebound in ‘25 After M&A Dust Settles
2024-07-19 - Halliburton said a softer North American market was affected by E&Ps integrating assets from recent M&A as the company continues to see international markets boosting the company’s bottom line.