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.
A private seller retained RedOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of certain mineral properties located in Howard and Borden counties, Texas, of the Midland Basin.
Highlights:
- 1,277 net mineral acres / 2,426 net royalty acres (normalized to 1/8th royalty)
- Next 12-month cash flow: $3 million
- 58 horizontal producers
- 31 spuds since January 2018
- Significant near term development:
- Five DUCs
- Three Permits
- Three rigs currently drilling on position
- Key operators include SM Energy Co., Surge Energy Inc. and Occidental Petroleum Corp.
Bids are due Feb. 21. The virtual data room is open.
For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.
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