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.
Munich Minerals and Royalty LP and Majestic Minerals and Royalty LP (MMR) retained RedOaks Energy Advisors as their exclusive adviser in connection with the sale of certain mineral properties located in the Midland and Delaware basins within the Permian.
MMR prefers offers by basin but will entertain offers on a tract basis.
Highlights:
- 2,393 Net Royalty Acres (normalized to 1/8th royalty)
- 119 horizontal producing wells
- 78 horizontal wells completed since 2018
- Near term projected growth:
- Eight Drilled but Uncompleted wells (DUCs) | 40 Permits
- 2020 projected cash flow: $1.4 million
- Key operators: SM Energy Co., Concho Resources Inc., Pioneer Natural Resources Co. and Parsley Energy Inc.
Bids are due Feb. 13. For information visit redoaksenergyadvisors.com or contact David Carter, managing director of RedOaks, at David.Carter@redoaksadvisors.com or 214-420-2334.
Recommended Reading
Sliding Oil Prices Could Prompt Permian E&Ps to Cut Capex
2024-12-03 - A reduction in the rig count would also slow the growth of natural gas output from the region, benefitting gassy Gulf Coast players, according to Enverus.
APA Group to Build Pipeline in Expanding Australian Gas Play
2024-12-17 - APA Group will build and operate a 12-inch, 23-mile natural gas pipeline for a proposed 40-MMcf/d pilot drilling project in Australia.
Baker Hughes: US Drillers Keep Oil, NatGas Rigs Unchanged for Second Week
2024-12-20 - U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row.
Partnership to Deploy Clean Frac Fleets Across Permian Basin
2024-12-13 - Diamondback Energy, Halliburton Energy Services and VoltaGrid are working together to deploy four advanced electric simul-frac fleets across the Permian in an effort to enhance clean and efficient energy solutions in the region.
Tracking Frac Equipment Conditions to Prevent Failures
2024-12-23 - A novel direct drive system and remote pump monitoring capability boosts efficiencies from inside and out.