PERMIAN BASIN ROYALTY ASSETS
1,839-Net Royalty Acres. 125-Hz Wells
SCURRY, PECOS, HOWARD, REEVES,
AND GLASSCOCK COUNTIES, TEXAS
Includes 22-DUCs And Active Permits
~680 Drilling Locations Across Position.
Holds 0.27% Average PDP NRI
NTM Cash Flow: $2,100,000
PDP PV-10: $3,500,000
~500 NRA Under Continuous Development
With 7 Obligatory Wells Drilled By 2025
BIDS ARE DUE OCTOBER 26, 2022
RR 5864DV
| Onshore |
Land Base |
| Unconventional |
Play Type |
REDOAKS ENERGY ADVISORS - HEADWATERS MINERALS II LP
Deal Summary
Headwaters Minerals II LP has retained TenOaks Energy Advisors to assist in the sale of certain mineral & royalty assets in Texas. Headwaters will entertain offers on an area-by-area basis.
Highlights:
-- Located in Scurry Co., Pecos Co., Howard Co., Reeves Co., and Glasscock Co., TX;
-- Covers 1,839 net royalty acres (1,276 in Scurry, 450 in Pecos, 59 in Howard, 51 in Reeves, and 2 in Glasscock counties);
-- Average 0.27% PDP NRI (1.37% NRI in Scurry, 0.14% Pecos, 0.07% Howard, 0.04% Reeves, 0.04% Glasscock);
-- Includes 125 horizontal wells (PDP PV-10: $3.5 million);
-- 22 DUCs and active permits (DUC + Permit PV-15: $2.8 million);
-- NTM cash flow: $2.1 million (55% PDP, 25% DUC, 18% Permit, and 2% Obligatory locations);
-- ~500 NRA under continuous development with 7 obligatory wells to be drilled by 2025 with an average NRI of 0.7% in Scurry county;
-- Years of development inventory with ~680 drilling locations modeled across the position with a total PV-30 value of $6.0 million;
-- Operators: Carr, Three Span, Battalion, Crescent, Ovintiv, Laredo, Permian Resources, Tall City, and Pioneer.
To learn more contact:
Mr. David Carter
Phone: 214-536-8616
Email: david.carter@redoaksadvisors.com
