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$Call Melinda Faust

Oil & gas mineral and royalty interests located throughout the core of the Delaware Basin For Sale

  • State/Province: NM
  • Country: United States
  • Quantity: 1 package deal
  • Allow Deals: Yes
  • I Want To: Sell
  • Telephone Number: (713) 595-1004
  • Email Address: mel@detring.com
  • Listed: April 28, 2019 4:48 am
  • Expires: 3135 days
detring_energy_small

Description

Double Eagle Royalty, LP (“Double Eagle”) is offering for sale its oil & gas mineral and royalty interests located throughout the core of the Delaware Basin. Double Eagle has retained Detring Energy Advisors as its exclusive advisor relating to the transaction. The assets offer an attractive opportunity to acquire a sizable footprint in the highest-returning basin in the Lower 48, with near-term cash flow poised to substantially increase from ~45 hz producers and ~35 hz wells in-progress/permits. 35 hz rigs are currently running within 2 miles of the properties.

Asset Highlights:

· ~2,556 Net Royalty Acres (Normalized to 1/8 Royalty)

o County Split: 46% Reeves, 17% Ward, 14% Winkler, 9% Pecos, 8% Culberson, 6% Loving

· ~$1MM Annual Net Cash Flow

o ~90 Boed net production

o 85 active producers (43 Hz / 42 Vt)

· Cash Flow Poised to Increase with Substantial Near-Term Hz Development

o 14 hz wells in-progress (0.6% RI)

o 20 hz permits (avg. 0.8% RI)

o 35 hz rigs running within 2 miles of Double Eagle properties

· Assets Located in the Most Active & Economic Basin in the U.S.

o >200 hz rigs currently running in the Delaware Basin

o Operators currently developing 30+ hz wells per section, with 200+ MMBo/sec OOIP across the prolific Wolfcamp & Bone Spring horizons and EUR’s reliably exceeding 1.5 MMBoe

o Superior economics (100+% ROR) continue to attract substantial capital in the current pricing environment

Process Overview:

· Evaluation materials available via the Virtual Data Room (“VDR”) on Monday, January 29th

o Data room presentations available upon request

· Proposals due on Wednesday, February 21st

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 learn more about this opportunity.

Best Regards,

Derek Detring

derek@detring.com / (713) 595-1001

Benjamin Shin

benjamin@detring.com / (713) 595-1002

Melinda Faust

mel@detring.com / (713) 595-1004

Matthew Loewenstein

matt@detring.com / (713) 595-1003

Richard Ball

richard@detring.com / (713) 595-1005

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Listing ID: 6405a6097af10189

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