Breitling Royalties Corp.

Transaction Type
Basin
U.S. Gulf Coast
Post Date
Estimated Price
0MM
Description

Breitling Royalties Corporation, an energy firm specializing in acquiring and managing royalty properties with proven production histories and significant upside potential, announced today the availability of its latest oil & gas royalty income property, the B-R Jericho.

The $20 million B-R Jericho royalty property consists of over 13,500 gross acres of Mineral Interests, Royalty Interest and Overriding Royalty Interests producing monthly cash flow in excess of $175,000 per month. The B-R Jericho property encompasses 501 oil and gas wells spread throughout 15 fields, 156 leases that span ten counties and parishes in Texas and Louisiana. The property's monthly production consists of 97% oil and 3% natural gas and includes all the behind the pipe assets, deeper formations and future expansion rights of the leases.