The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
EnCore Permian Holdings retained TenOaks Energy Advisors LLC as its exclusive adviser for the sale of its Permian Basin mineral portfolio.
Asset Highlights:
- Diversified Mineral Position Across the Midland and Delaware Basins
- 8,267 Net Royalty Acres (NRA)
- 5,656 NRA in the Midland Basin (Howard, Midland, Martin, Upton and Borden counties, Texas)
- 2,611 NRA in the Delaware Basin (Reeves, Ward and Winkler counties, Texas, and Lea County, N.M.)
- EnCore will entertain separate offers for the Midland and Delaware Basin properties as well as offers for individual tracts
- 8,267 Net Royalty Acres (NRA)
- Growing Cash Flow Controlled by Leading Operators
- Projected forward 12-month cash flow (PDPs, DUCs, and Permits): $5.12 million ($427,000 per month)
- 65 producing horizontal wells, 18 drilled but uncompleted wells (DUCs) and 15 permits
- Key operators include SM Energy, Occidental Petroleum, XTO Energy, Centennial Resource Development and Diamondback Energy
- Projected forward 12-month cash flow (PDPs, DUCs, and Permits): $5.12 million ($427,000 per month)
Bids are due April 9. For information visit tenoaksenergyadvisors.com or contact B.J. Brandenberger, TenOaks partner, at 214-420-2323 or bj.brandenberger@tenoaksadvisors.com.
Recommended Reading
CGG to Change Name to Viridien
2024-05-17 - The company’s new ticker symbol will be “VIRI” and listed on Euronext Paris, effective May 21.
Sector’s Appetite for Capital Remains Amid Consolidation Frenzy, Panelists Say
2024-05-17 - There’s still an appetite for capital in the oil and gas sector—companies just need to think creatively to find it, a number of panelists said during SUPER DUG in Fort Worth, Texas.
SilverBow Resets Shareholder Meeting After $2.1B Crescent Deal
2024-05-16 - SilverBow Resources said it will adjourn its May 21 shareholders’ meeting until May 29 following Crescent Energy’s agreement to buy the Eagle Ford operator.
Blue Racer Midstream Prices Senior Notes Offering
2024-05-15 - Net proceeds from the sale of senior notes will be used to pay off debt and other general corporate purposes.
Petrobras CEO Prates to Step Down
2024-05-15 - Brazil’s President Luiz Inácio Lula da Silva has requested that Petrobras CEO Jean Paul Prates resign following a dispute over dividend payments.