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

  • State/Province: Texas
  • Country: United States
  • Quantity: 1
  • Allow Deals: Yes
  • I Want To: Sell
  • Telephone Number: (713) 907-2003
  • Email Address: mel@detring.com
  • Listed: November 15, 2018 12:49 am
  • Expires: 3068 days, 6 hours
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Description

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

A private seller (“Seller”) is offering for sale its oil & gas mineral and royalty interests located throughout the core of the Delaware Basin, including multiple impactful, high royalty interest units. The assets offer an attractive opportunity to acquire a large mineral position in the core of the highest returning play in the Lower 48, including substantial current cash flow and near-term development. Seller has retained Detring Energy Advisors as its exclusive advisor relating to the transaction.

Asset Highlights:

· ~5,255 Net Royalty Acres (1/8) in the Core of the Delaware Basin

o Current production of ~250 Boed (net)

o Annualized cash flow of ~$2MM (PDP)

o 81 current hz producers

o Substantial hz activity on-lease including 33 DUC’s, 40 permits, and 4 rigs running

· Multiple Impactful, High-Royalty Interest Units

o 10+ hz units with Seller RI >2% per well

§ Operators include Parsley, Callon, Jagged Peak, XTO, Shell & Anadarko

o Average ~1% RI in 73 hz DUC’s and permits

§ Includes ~20 Noble locations with avg. RI of 1.5%

· Acreage Located in the Core of the Most Active & Economic Basin in the Lower 48

o >180 hz rigs currently running in the Delaware Basin

o Operators currently developing 30+ hz wells per section, with 200+ MMBo/sec across the 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 on Monday, October 30th

o Data room presentations available upon request

· Proposals due on Thursday, November 30th

· Closing targeted by January 31, 2018

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

Please contact Melinda Faust to request access to the virtual data room (no confidentiality agreement required), schedule a presentation, or learn more about this opportunity.

Melinda Faust

mel@detring.com / (713) 907-2003

Listing ID: 89559e9f6ed501f6

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