Current Engagements

Please contact Melinda Faust to learn more about our current offerings.

Melinda Faust, Managing Director

mel@detring.com
(713) 595-1004

Core Delaware Basin Minerals Opportunity

  • 550 Net Royalty Acres (1/8) – 100% Minerals & ~50% Non-Cost Bearing
  • Operated by premier operators (~50% Concho, ~35% Cimarex, remainder BTA and Chevron)
  • Concentrated in the deepest, over-pressured and highest-returning core of the Delaware Basin
    • Wolfcamp A/B and Bone Spring 1-3 IP’s of 2.3-4.9 MBoed and EUR’s of 1.3-2.3 MMBoe (10,000 ft)
  • ~$5MM of forecast 2020 cash flow from 7 PDP and 17 DUC’s & Permits
  • High royalty interests average ~2% per well
  • Bids due September 18, 2019

Olmos Liquids-Rich Leasehold Opportunity

  • ~24,000 net acres (100% operated, ~97% WI) in La Salle & McMullen Counties, Texas
  • ~12 MMcfed liquids-rich production (~54% liquids)
  • ~$12MM NTM PDP cash flow funds near-term development (~$45MM PDP PV10)
  • 64 Geologically de-risked horizontal development locations supported by extensive significant well control and seismic AVO
  • Specific targeting of high-porosity zone within the Olmos C has led to >2x improvement in recent well performance
  • Advantageous location for marketing and transportation yielding premium pricing relative to WTI and HHUB
  • Bids due September 25, 2019

Stacked-Pay Delaware Leasehold Opportunity

  • ~3,385 net acres (100% operated, ~82% WI) in Lea County County, New Mexico
  • Blocky, contiguous position with attractive opportunity for extended 10,000+ ft laterals
  • Attractive drilling inventory across the 1st & 2nd Bone Spring (60-75% IRR) and Wolfcamp A & 3rd Bone Spring (30-40% IRR)
  • ~340 Boed net production (~81% liquids) with ~$14MM PDP PV10
  • ~3,850 ft of gross interval (~2,750 ft Bone Spring / ~1,100 ft Wolfcamp)
  • Bids due October 9, 2019