Viking Minerals Partners I LLC

Viking Mineral Partners I LLC is offering for sale its oil and gas mineral and royalty interests located throughout the core of the Eagle Ford Shale play. The company retained Stephens Inc. as its exclusive adviser relating to the transaction.

Package Summary

• Package forecasted to yield ~$54 million of cash flow through 2022
  • PDP + completed wells + DUCs + permits forecasted to yield ~$20 million of cash flow through 2022, and ~$27 million of cash flow over life of wells
• 1,191 net royalty acres
• Interest in 84 units; more than 41,000 gross unit acres
• Existing PDP cash flow >$30,000 / month (200+ wells currently in-pay)
• PDP + completed wells + DUC cash flow expected to grow to ~$900,000 / month by August 2018
• Substantial near-term development / cash flow ramp expected
  • Second-half 2018E annualized cash flow: $11.2 million | 2019E cash flow: $11.7 million
  • 15 completed Hz wells not yet in-pay (COP and EOG)
  • 13 Hz DUCs (COP and EOG)
  • 12 active Hz permits (COP and EOG)
  • >700 additional locations on existing acreage footprint
• 100% leased, predominantly by four well-capitalized operators (ConocoPhillips, Marathon Oil, EOG Resources, and Encana)

Bids are due July 10. For information contact Evan Smith, associate with Stephens, at evan.smith@stephens.com or 214-258-2758.