Marketed: Springbok Energy Partners Mineral Portfolio

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Eagle Ford Shale; D-J Basin; Stack Play; Williston Basin; Haynesville Shale
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
0MM
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.

Springbok Energy Partners retained TenOaks Energy Advisors LLC for the sale of its mineral portfolio located in the most active and economic unconventional plays in the Lower 48 through an offering closing Oct. 22.

The portfolio includes assets in the Permian, Eagle Ford, Denver-Julesburg (D-J), Stack, Williston and Haynesville basins. Springbok will entertain offers for the entire package or one or more individual basins, according to TenOaks, which is serving as the company's exclusive adviser in connection with the sale.  

Highlights:

  • Basins included: Delaware, Midland, Eagle Ford, D-J, Stack, Bakken, Haynesville
  • Strategic position built with an emphasis on both high-quality rock and near-term development catalysts within each basin
  • Total Net Royalty Acres (NRA):  12,461
  • Forward 12-Month Cash Flow (Total):  $38.7 million  |  Forward 12-Month Cash Flow (PDP/DUCs/Permits):  $28.1 million
  • Substantial near-term cash flow growth from 253 DUCs and 214 permits
  • Proven historical development cadence with more than one new permit issued for every spud since January 2018  
  • 25 spuds per month during the same time frame

Bids are due by noon CST Oct. 22.  For information visit tenoaksenergyadvisors.com or contact Forest Salge, TenOaks vice president, at 214-420-2327 or Forrest.Salge@tenoaksadvisors.com.

Related Content