Current Engagements
Please contact Melinda Faust to learn more about our current offerings.
Melinda Faust, Managing Director
mel@detring.com
(713) 595-1004
Culberson County Mineral & Royalty Opportunity
- 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)
- Pending
Core Williston Development Opportunity
- 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
- Pending
Chittim Ranch Waterflood Opportunity
- ~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
DJ Basin Mineral and Royalty Opportunity
- Meaningful cash flow with imminent growth (~$30MM NTM) | 1,500 Boed (60% Liquids)
- ~10,270 net royalty acres, in the core of the DJ Basin, being developed almost exclusively utilizing pad development
- >2,600 highly economic undeveloped locations underneath premier, well-capitalized operators
- PDP+DUC PV10: $83MM | PDP+DUC Reserves: 5.8 MMBoe
- Bids due September 22, 2021
Ridgefield Energy Partners – Delaware Basin Non-Operated and Minerals Opportunity
- Non-Operated Asset Highlights:
- ~1,650 net acres in the core of the Southern Delaware Basin
- ~1,800 Boed net production (PDP PV10 of $48MM)
- 13 DUCs anticipated online by 1Q2022
- PDP+DUC NTM cash flow of $18MM
- Operated Asset Highlights
- ~1,600 NRA in the core of the Southern Delaware Basin
- ~265 Boed net production (PDP PV10 of $9MM)
- 36 DUCs and permits
- PDP+DUC NTM cash flow of $3.4MM
- Bids due September 22, 2021
Peregrine Petroleum – Western Anadarko Basin Opportunity
- ~35,000 net acres majority-operated leasehold (88% HBP) and ~1,200 net mineral acres
- ~1,300 Boed net production (PDP PV10 of $30MM)
- PDP NTM cash flow of ~$10MM
- Stacked-pay with 110+ highly-economic development locations in the Cherokee, Cleveland, and Oswego formations
- Bids due September 22, 2021
Pony Operating – Premier Delaware Basin Minerals Opportunity
- Compelling portfolio of 528 NRA (68% Lea | 32% Eddy) offers statistical, cost-free exposure to the highest-returning basin being developed by top operators (EOG, OXY, Marathon)
- Imminent Development Bolsters Stout Cash Flow of ~$2.5MM including near-term uplift from ~650 recent DUCs/Permits
- PDP, DUC, permit PV10: $15.6MM ($24.6MM 3P PV0)
- Pending
