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Oil & gas mineral and royalty interests for sale located in Jefferson, Belmont, and Harrison Counties, Ohio

  • State/Province: Ohio
  • Country: United States
  • Quantity: 1
  • Allow Deals: Yes
  • I Want To: Sell
  • Telephone Number: (512) 296-4653
  • Email Address: mel@detring.com
  • Listed: December 18, 2018 12:48 am
  • Expires: 869 days, 14 hours


EnCap Investments L.P. (“EnCap”) has retained Detring Energy Advisors (“Detring”) to market for sale certain of its oil & gas mineral and royalty interests located in Jefferson, Belmont, and Harrison Counties, Ohio, within the core of the dry gas Utica Shale play. The assets offer an attractive opportunity to acquire a concentrated, core position underneath premier Utica-focused operators generating world-class well results and superior economics.

Asset Highlights:

· ~6,325 Net Royalty Acres (@ 1/8) | 93% HBP

o Overriding Royalty Interests (“ORRI”) located throughout the core of the prolific Utica Shale play

o Substantial OGIP across contiguous acreage position and under top operators including Ascent, Gulfport, Hess and XTO

o Significant near term development potential with ~3,340 NRA (50%+) contained within existing horizontal drilling units

o ORRI retained for any leases re-leased within 12 months of expiration

· ~$6MM Cash Flow (LTM) | ~8 MMcfed Net Production

o ~150 producing wells with avg. ~0.7% RI

o Strong on-lease activity averaging 5+ wells completed per month (LTM), with 3 rigs currently running and 31 wells in-progress on-lease

o Gross production and revenue of 1.5+ Bcfd and ~$1.5Bn/year, respectively

· Prolific Well Results in Core Utica Dry Gas Window

o EnCap’s position is bracketed by superb well results averaging ~2.4 Bcf per thousand lateral feet (EUR) from the Utica/Point Pleasant Shale

Process Overview:

· Evaluation materials available via the Virtual Data Room (“VDR”) on Monday, October 15th

o Data room presentations available on request

· Proposals due on Wednesday, November 14th

Please see the attached teaser for additional details regarding the properties and sales process.

Please contact Melinda Faust to request VDR access, schedule a presentation or to learn more about this opportunity.

Listing ID: 5185bbce1792bc3b

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