Welcome, visitor! [ Register | Login


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

  • State/Province: TX
  • 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: May 5, 2019 4:48 pm
  • Expires: 2998 days, 17 hours


enCore Permian Holdings LP (“EnCore”) is offering for sale its oil & gas mineral and royalty interests located throughout the core of the Midland Basin, West Texas. EnCore has retained Detring Energy Advisors as its exclusive advisor relating to the transaction.

Asset Highlights:

· ~4,560 Net Royalty Acres (Normalized to 1/8 Royalty)

o 94% minerals

o ~$4MM cash flow (next 12 months) from existing producers and DUCs

o ~230 Boed net production

· On-Lease Horizontal Activity Set to Almost Double Near-Term Well Count

o 67 current hz producers

o 27 hz DUCs and 29 hz permits from top-tier operators (avg. ~0.8% RI)

o Parsley: Running 2 rigs on Reagan Co. minerals proximal to world-class Wolfcamp C results (0.7% RI)

o XTO: Permitting multiple three-mile laterals in Midland Co. (2.8% RI)

o Surge/Blue Whale: Running 1 rig and actively permitting Howard/Borden acreage (1.3% RI)

· Operators Targeting up to 5 Prolific Benches Throughout the Wolfcamp & Spraberry Horizons

o >150 hz rigs currently running in the basin as superior economics continue to attract capital in the current pricing environment

o EUR’s and ROR’s reliability exceed 1 MMBoe and 100%, respectively, as operators continue to optimize drilling & completion techniques and expand stacked-pay targets

Process Overview:

· Evaluation materials available via the Virtual Data Room (“VDR”) on Monday, February 5th

o Data room presentations available upon request

· Proposals due on Wednesday, February 28th

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.

Melinda Faust

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

Listing ID: 2045a71e910950c5

Report problem

Processing your request, Please wait....

More ads from this poster

Translate »