Marketed: SandRidge Permian Trust Royalty Acquisition Opportunity

Transaction Type
Sellers
Marketers
Basin
Permian Basin
Announce Date
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Description

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.

SandRidge Permian Trust is divesting all of its royalty interests located in the Permian Basin as part of a planned dissolution of the trust, according to TenOaks Energy Advisors which has been retained as exclusive adviser in connection with the transaction. The offering includes overriding royalty interest across 57 producing vertical wells in Andrews County, Texas, operated by Avalon Exploration & Production.

Bids are due by noon CST May 27. The transaction is expected to have an effective date of July 1.

A virtual data room will be available starting April 27. For information visit tenoaksenergyadvisors.com or contact Trey Bonvino at TenOaks Energy Advisors at 214-420-2331 or Trey.Bonvino@tenoaksadvisors.com.

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