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.
Wolfbone Minerals LLC has retained TenOaks Energy Advisors LLC for the sale of its Delaware Basin mineral portfolio through an offering closing Oct. 2.
The offering comprises mineral and royalty interests in Reeves and Pecos counties, Texas.
Highlights:
- 2,122 net royalty acres / material exposure to core Delaware Basin
- Next 12 Months API cash flow of $2.3 million
- 130 producers / 18 drilled but uncompleted wells / 10 permits (34 spuds expected in 2019)
- Over $318 million in undiscounted cash flow potential
- Delineated upside from multiple benches
- Operators include Patriot Resources, Occidental Petroleum Corp., Concho Resources Inc. and Noble Energy Inc.
Bids are due by noon CST Oct. 2. For information visit tenoaksenergyadvisors.com or contact Forrest Salge, TenOaks vice president, at 214-420-2327 or Forrest.Salge@tenoaksadvisors.com.
Recommended Reading
Infinity Natural Resources’ IPO Nets Another $37MM
2025-02-07 - Underwriters of Infinity Natural Resources’ January IPO have fully exercised options to purchase additional Class A common stock at $20 per share.
Venture Global’s Calcasieu Pass LNG Project Gets Boost from FERC
2025-02-07 - The Federal Energy Regulatory Commission released a report responding to an appellate court’s questions over Venture Global LNG’s Calcasieu Pass 2 project.
Equinor Commences First Tranche of $5B Share Buyback
2025-02-07 - Equinor began the first tranche of a share repurchase of up to $5 billion.
Expand CFO: ‘Durable’ LNG, Not AI, to Drive US NatGas Demand
2025-02-07 - About three-quarters of future U.S. gas demand growth will be fueled by LNG exports, while data centers’ needs will be more muted, according to Expand Energy CFO Mohit Singh.
Energy Transition in Motion (Week of Feb. 7, 2025)
2025-02-07 - Here is a look at some of this week’s renewable energy news, including a milestone for solar module manufacturing capacity.