DELAWARE MINERAL & ROYALTIES
2-PDP Wells. 618-Net Royalty Acres
REEVES COUNTY, TEXAS
Acreage Normalized To 1/8th Royalty
286-Unleased Net Mineral Acres
~100% Mineral Classified Interest
1.3-Net Wells / Locations (1.2-Net Undev)
16-Undeveloped Locations
Average 7.6% RI in 2-Leased Units
Average 7.7% RI in 2-Unleased Units
PDP PV-8: $2,000,000
Net 3P Reserves: 2.2 MMBOE
3P PV-10: $34,000,000
Current Income-Generating Infrastructure
5-Fresh-Water Wells & 2-Caliche Pits
With Income Potential Of $1,000,000/Year
BIDS ARE DUE NOVEMBER 10, 2021
RR 5593PP
| Onshore |
Land Base |
| Unconventional |
Play Type |
DETRING ENERGY ADVISORS - UNDISCLOSED SELLER
Deal Summary
Detring Energy Advisors has been retained by a private seller to assist in the sale of certain core Delaware basin mineral and royalty assets in Texas.
Highlights:
-- Located in Reeves Co., TX;
-- Covers 618 net royalty acres, normalized to 1/8th or 77.25 net 100% royalty acres with ~100% mineral classified interest and surface rights;
-- Mineral classified interest provides royalty interest and a valuable surface position with buildings and income-generating infrastructure;
-- Includes 286 unleased net mineral acres with lease bonus potential and ability to negotiate lease terms with the operator;
-- Holds average 7.6% RI in two leased units including 2 PDP wells and average 7.7% RI in two unleased/open units (at 25% royalty);
-- Includes ~1.3 net wells/locations (~1.2 net undeveloped) and 16 additional locations targeting the Wolfcamp A, Wolfcamp B, and 3rd Bone Spring formations;
-- PDP PV-8 (as of 1-Oct-2021): $2 million;
-- Net 3P Reserves (as of 1-Oct-2021): 2.2 MMBOE (PV-10: $34 million);
-- World-class, repeatable well results generate average IP of ~190 BOE/d/Mft with IRR of ~70%;
-- Current income-generating infrastructure includes 5 fresh-water wells and 2 caliche pits with income potential of $1 million/year;
-- Additional income-generating activities include solar energy generation, rights-of-way, and easements;
-- Select operators: Callon and Diamondback.
To learn more contact:
Ms. Melinda Faust
Phone: 713-595-1004
Email: mel@detring.com
