TEXAS & NEW MEXICO ROYALTIES
57-Hz PDP Wells. 5,400-NRA
DELAWARE & MIDLAND BASINS
Wolfcamp, Spraberry & Bone Spring Fms
10-DUCs. 24-Permits
DUC/Permits With Average ~0.6% NRI
Forecasted NTM Cash Flow: $1,400,000
Significant Delineation With IPs & EURs
1.5 MBOED & 1 MMBOE, Respectively
Offset Area Includes 15 Rigs Within 3 Miles
BIDS ARE DUE MAY 19, 2021
RR 5107DV
| Onshore |
Land Base |
| Unconventional |
Play Type |
PETRODIVEST ADVISORS - ENCORE PERMIAN HOLDINGS LP
Deal Summary
EnCore Permian Holdings LP (backed by an Undisclosed PE Sponsor) has retained PetroDivest Advisors to assist in the sale of certain Midland and Delaware basins royalty assets in Texas and New Mexico.
Highlights:
-- Located in Delaware basin in Reeves Co., Pecos Co., Ward Co., and Culberson Co., TX and in Eddy Co., and Lea Co., NM, and Midland basin in Howard Co., Borden Co., Upton Co., Martin Co., Dawson Co., and Reagan Co., TX;
-- Covers ~5,400 net royalty acres, normalized to 1/8th (60% Delaware and 40% Midland);
-- Targets the Wolfcamp, Spraberry, and Bone Spring formations;
-- Includes 57 producing horizontal wells (47 Midland and 10 Delaware);
-- Also includes 10 DUCs (8 Midland and 2 Delaware) and 24 permits (22 Delaware and 2 Midland), with an average ~0.6% NRI;
-- Forecasted NTM cash flow (based on preliminary reserves as of 1-May-2021): ~$1.4 million (~79% Midland and ~21% Delaware, ~57% DUC/permit and ~43% PDP);
-- Significant delineation with IP’s and EUR’s consistently topping 1.5 MBOE/d and 1 MMBBOE, respectively;
-- Offset area includes 15 rigs within 3 miles position;
-- Select operators: Ovintiv, Diamondback, and EOG.
To learn more contact:
Mr. Jerry Edrington
Phone: 713-595-1017
Email: jerry@petrodivest.com
