Current Engagements

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

Melinda Faust, Managing Director
(713) 595-1004

Core Merge Leasehold Opportunity

  • ~15,900 net acres across the core of the prolific Merge area (50% operated, ~70% HBP)
  • ~8,000 operated net acres, ~3,130 non-op net acres, and ~4,770 non-HBP net acres with opportunity to gain operatorship through forced pooling
  • ~1,700 Boed net production (~60% liquids) with ~$10MM operating cash flow from current producing wells (NTM)
  • Woodford thickness consistently between 100-250+ ft in certain areas. Mississippian section ranges from 250-600+ ft across the majority of the position
  • Bids due November 13, 2019

Permian Basin Mineral & Royalty Opportunity

  • ~1,700 NRA(1/8th) located throughout the core of Permian Basin development (60% Midland & 40% Delaware)
  • ~$3.6MM forecast NTM cash flow from ~100 horizontal PDP & 85 horizontal DUC/permitted wells
  • High-quality acreage with exposure to top operators (Oxy, Pioneer, Cimarex, EOG, & Diamondback)
  • 400 rigs currently running in the Permian Basin ensures mineral value acceleration
  • Bids due November 13, 2019

Permian Basin Opportunity – Eastern Shelf Exit

  • Low-decline, operated waterflood assets with high ownership interests (100% HBP)
  • Net production of ~1,410 Boed (~89% oil, ~6% decline)
  • Substantial annual cash flow of ~$11MM
  • Contiguous legacy assets with operational and development opportunities through waterflood optimization/expansion and infill drilling
  • Bids due November 18, 2019

Core Delaware Basin Non-Op Opportunity

  • 30 well development program to be drilled on the assets by the end of 2023 (6 pads over ~4 years)
  • 8.33% WI in a ~3,364 contiguous gross acre contract area in the core of Ward Co. hz development (1/6th effective royalty burden)
  • Operated by Chevron, a leading Delaware Basin operator in terms of D&C techniques, well performance, and pad development across multiple horizons
  • Acreage 100% HBP by low-decline vertical production (~30 Bopd net, ~7% NTM decline)
  • Robust type curves generate IRR’s of 70%+ (WCA / BS3) in current pricing environment
  • Bids due November 20, 2019