The following information is provided by PetroDivest Advisors. All inquiries on the following listings should be directed to PetroDivest. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
EnCore Permian Holdings LP is offering for sale roughly 5,400 net royalty acres throughout the prolific Midland and Delaware basins in the Permian.
The package includes diversified exposure covering the cores of the two highest-returning U.S. basins and substantial near-term cash flow from horizontal development by premier operators drilling extended laterals utilizing next-generation completions techniques, according to PetroDivest Advisors, retained by EnCore to handle the transaction.
Highlights:
- ~5,400 Net Royalty Acres (60% Delaware and 40% Midland)
- High-quality acreage spanning the oil-rich cores of the Delaware and Midland Basins
- Top operators include Ovintiv Inc., Diamondback Energy Inc. and EOG Resources Inc.
- Substantial cash flow growth via DUC/Permit development
- ~$1.4 million NTM net cash flow
- 10 DUCs and 24 permits with an average ~0.6% Net Revenue Interest
- Operators completing prolific wells across multiple economic Wolfcamp, Sprayberry and Bone Springs targets
- Significant delineation with IP,s and EUR’s consistently topping 1,500 boe/d, 1 million boe, respectively
- ~220 horizontal rigs currently running throughout the Permian ensure mineral value acceleration
- 15 rigs operating within 3 miles of postion
Process Summary:
- Evaluation materials available via the virtual data room on April 26
- Proposals due on May 19
For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.
Recommended Reading
Seatrium Awarded Contract for FPSO Bound for Guyana’s Stabroek
2024-05-17 - The topsides fabrication and integration contract will be for the FPSO Jaguar, bound for the Whiptail Field in the Stabroek block offshore Guyana for Exxon Mobil.
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
2024-05-17 - A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks: Baker Hughes
2024-05-17 - The oil and gas rig count rose by one to 604 in the week to May 17.
BPX Looks to Ramp US Production Over 60% by 2030
2024-05-16 - BPX Energy is looking to boost its U.S. production over 60% by 2030 as it considers bringing online a fourth processing facility in the Permian by mid-year 2025, Clark Edwards, the company’s vice president of development, said during SUPER DUG in Fort Worth.
Empire Petroleum’s Williston Drilling Program Identifies New Zones
2024-05-16 - Empire Petroleum provided updates on its Williston Basin development drilling program in its first quarter 2024 earnings results.