Current Engagements

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

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Robust Operating Cash Flow and Production ($12.4MM NTM PDP | 2.1 MBoed)
Large, contiguous and operated position with ~14,000 net acres ( 100% HBP / 100% WI)
PDP PV10 and reserves of $51MM and 5.0 MMboe, respectively
Large inventory of PUD and PDNP opportunities in addition to a pre-scoped waterflood project
Assets offered in two sub-packages: Working Interest and Royalties
Bids due December 9, 2020

Assets offered in two sub-packages: non-operated working interest and minerals/royalties
Substantial total net production (27 MMcfd) & cash flow ($17MM NTM)
Total net reserves of 126 Bcf (100% Gas) and net PV10 of $80MM (83% WI / 17% Roy-ORRI)
High margin cash flow with ~$2.00/Mcf netback
Core PennEnergy asset maintains operational focus
Bids due January 6, 2021

Robust Cash Flow ($25MM NTM EBITDA) and Production (4.8 MBoed | ~75% oil)
Operated asset with control of development and production infrastructure
Prolific, stacked Pliocene and Miocene reservoirs with 8 undeveloped opportunities (4 PUD)
Large, high quality spec 3D seismic data available for review on site
Four diverse fields provide material scale and a platform for growth within the Gulf of Mexico
Bids due January 13, 2021

40 operated (avg. 75% WI) and 7 non-op PDP wells (avg. 5% WI)
- An owner in 19 PDP wells (avg. 52% WI) maintains “Tag-Along Right” that will require a buyer to make an offer for the 8/8^ths interests, while being prepared to purchase only the interests of PennEnergy
26 MMcfed production (8/8^ths)
- 18 MMcfed net to PennEnergy
- 8MMcfed net to “Tag-Along Right”
$10.7MM NTM Cash Flow (8/8^ths)
$42MM PDP PV-10% (8/8^ths)
~13,400 Net Acres – 98% HBP | 99% Operated
Contiguous position accommodating long-lateral development
- Consistent high-quality reservoir in the core of the Point Pleasant thickness trend
Bids due February 17th, 2021

Substantial oil-weighted net production of ~1.6 MBoed
Next-twelve-months cash flow of $17MM underpins future development
Currently operated by Boyd & McWilliams, with ability for the buyer to assume operations
Highly concentrated position of ~11,400 net acres
59 highly-economic undeveloped locations to be developed
Bid due May 5, 2021

Long-Life Oil Production (616 net bopd | 7% annual decline)
Fully-Operated Oil Assets (~10,000 net acres | 100% HBP)
Net operating cash flow of ~$7MM (next 12 months)
PDP PV10 and net reserves of $40MM and 3.8MMBbl, respectively
Additional uplift opportunities through waterflood installation, facility upsizing, and undeveloped vertical infill locations
Bids due May 5, 2021

Robust Operating Cash Flow ($5MM NTM PDP) and Production (975 Boed | 85% Liquids)
Resilient cash flow stream ensured by low operating expenses and healthy margins
~$16.21/Boe operating cash margin
PV10 of $19MM
Net reserves of 3.2 MMboe
High ownership interest and operational control
Average Working Interest: 98% | Average Lease Net Revenue Interest: 77%
89 PDP wells
This is a wellbore-only package
Bids due Wednesday, June 9th

~100,000 Net Acre Position (~85% Held By Production)
Large, operated and contiguous position provides developmental control with rights across multiple productive horizons
High Margin, Stable Production (~1,200 Boed | 10% Annual Decline)
~$14MM NTM cash flow (PDP)
~$60MM PV10 and 4.9 MMBoe net reserves from 68 horizontal & 12 vertical producing wells (PDP)
400+ Three Forks/Pronghorn Locations For Development
Engineered completion methods generate attractive economics (45%+ IRR) while utilizing more efficient completions (1,000+ Boed IP24; 940 MBoe EUR)
Net PV10 and reserves of ~$460MM and ~150 MMBoe, respectively (3P)
Development program lives within cash flow, requiring no additional investment
58 locations ready for near-term development including permits or pending permits
NPR has completed a robust geologic study of the region, identifying high graded areas of the position, as well as conventional opportunities across the area
Bids due June 9, 2021

1,480 NRA concentrated in 4 high-interest royalty units (avg. 3.4% RI)
Imminent near-term growth with 8 Cimarex permits in-hand ($5MM NTM net cash flow)
100% operated by Cimarex and central to planned Culberson County development
PDP + Permit PV10: $16MM ($74MM 3P PV10)
Bids due June 22, 2021

Robust cash flow with imminent growth (~$7MM 2022E)
2,980 net royalty acres (~100% minerals) offering statistical exposure to the Midland Basin
~4,800 highly economic undeveloped location across 6 Wolfcamp and Spraberry horizons
3P PV10: $90MM ($330MM PV0)
Bids due July 14, 2021

Non-Op Properties:
- 2,476 net acres in Dunn County (29% WI / 23% NRI)
- Concentrated footprint underneath active development (RimRock)
- Stellar on-lease and offsetting well results with strong type curve performance (~1,200-1,500 Boed / 680-850 MBoe across the Bakken/Three Forks)
- Rimrock recently transitioned to a fully operated position (XOM acreage swap) and picked up an offsetting rig (mid-May 2021)
- Located on Ft. Berthold Reservation with established infrastructure and regulatory processes in-place
Operated Properties
- 5,879 net acres in McKenzie/Billings Counties (93% WI / 79% NRI)
- Developmental control with rights across multiple productive horizons
- Operated SWD system in-place
Substantial Production Base – 1,600 Boed / 90% Liquids (Non-Op. & Operated)
- Oil-weighted production with $16MM NTM op. cash flow (PDP)
- $55MM PV10 and 4.4 MMBoe net reserves from 62 hz wells (PDP)
- Avg. 36% WI / 30% NRI
- 55 non-op. & 7 op. hz wells
Highly Economic Inventory
- 70+ identified development locations across the Bakken and Three Forks
- Vastly improved well performance from optimized completions, longer laterals and pad development
- 18 MMBoe | $155MM PV10 (3P)
Process Summary:
- Evaluation materials available via the Virtual Data Room (“VDR”) on Wednesday, June 9th
- Bids due July 21, 2021

~30,000 net acre Chittim Ranch waterflood property (100% WI & 100% HBP)
Low-decline, 99% oil, 550 Boed net production with substantial cash flow (~$6MM NTM, PDP only)
Operated by a COPC affiliate, providing a well-maintained asset prepared for further improvements
Significant workover potential with ~70 wells identified to return low-risk, meaningful production online
Bids due July 28, 2021