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
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  • 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
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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