We REPRESENT Engagements throughout the U.S.
Middle-market working interest and mineral/royalty opportunities in the upstream oil & gas sector.

Each engagement is backed by our robust technical analysis and market-leading divestiture process, which transform buyers’ evaluations into a confirmatory exercise and minimize risking—leading to more bids on bid day and at the higher end of the value range.
Current Upstream Oil & Gas Opportunities
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Appalachia Operated Wellbore Only Opportunity
Bids Due: 12/16/2025
Working Interest
Appalachia
- Net production base of ~9,100 Mcfd (100% gas)
- ~150 active producers (114 vertical/34 horizontal)
- $7MM of PDP NTM operating cash flow from sub-5% decline production
- High cash margins of ~$2.20/Mcf
- PDP PV10 of $45MM
Riviera Exploration
Eagle Ford Mineral & Royalty Opportunity
Bids Due: 12/10/2025
Mineral/Royalty
Eagle Ford
- 605 Net Royalty Acres under Verdun, a highly active pure-play operator
- ~210 net Boed across 52 producing wells (75% liquids-weighted)
- $3.3MM NTM cash flow from continuous development on position
- 8 newly drilled wells since 2H 2024, and 18 refracs performed on-position to date
- Diverse array of upside strategies through refrac opportunities, infill drilling, and new drill inventory
- Total PV10 of $25.5MM ($48.1MM PV0)
Operated North Central Texas Opportunity
Bids Due: 11/19/2025
Working Interest
North Texas
- Oil-weighted net production base of 290 Boed (80% oil)
- NTM net cash flow of $2.2MM driven by 40%+ margin on revenue
- Expansive ~14,500 net acre position which is 100% operated & 100% HBP
- Average 90% WI & 74% NRI, with attractive royalty burden of ~82% NRI 8/8th
- Actionable inventory of low-risk, low-cost return-to-production and recompletion projects
Non-Operated Mid-Continent Opportunity
Bids Due: 11/18/2025
Working Interest
Mid-Continent
- ~1,260 Mcfed current net production from stable, commodity-diverse production streams
- $2.3MM NTM operating cash flow from PDP and ongoing development
- 19 near-term wells scheduled for first production through Q2 2026
- 35 remaining locations provide 5 years of development inventory
- ~570 net acres located in the core of the SCOOP/Merge/STACK
- Total asset PV10 of $10.6MM
Permian-Focused Wellbore-Only Opportunity
Bids Due: 11/14/2025
Working Interest
Permian
- Wellbore-only interest in 54 modern horizontal wells in the Permian, Scoop-Merge-Stack, and Haynesville regions
- ~3,000 Boed of liquids-weighted net production (~60% liq.) generating $21MM in net NTM cash flow
- Average producing life of 24 months per wellbore and low lifting costs de-risks future performance
- $90MM PDP PV10, primarily concentrated in the Permian Basin wellbores (~90%)
Non-Operated Northwest Shelf Opportunity
In Progress
Working Interest
Permian
- 200 Boed of low-decline, oil-weighted net production
- $1.6MM of NTM net PDP cash flow driven by high netbacks (~$50/Boe)
- 30 remaining hz San Andres locations across the position, with 3 currently permitted
- Highly economic type curves with 1,100 MBoe EURs on average
- Shallow horizons offer effiecient capital spend and increased returns
- Total asset PV10 of $33MM
North Louisiana Working Interest Opportunity
In Progress
Working Interest
Gulf Coast
- ~70 producing wells, both operated and non-operated, throughout various Northern Louisiana parishes
- Low decline net production (7.5%) of 3.1 MMcfed (~99% gas) with low-lifting costs (~$1/Mcf)
- ~$3MM NTM net operating cash flow generates ~$20MM PDP PV10 (~60% operated)
- 70 horizontal Cotton Valley and Upper Red locations with attractive IRRs underpin ~$200MM 3P PV10
Non-Operated Eastern Shelf Opportunity
In Progress
Working Interest
Permian
- ~17,000 consolidated net acres located in Fisher and Scurry Counties, Texas
- ~1,100 Boed of net production from 56 horizontal wells underpin PDP PV10 of $38MM
- High cash margins of $30/Boe (~60% average LTM margin)
- ~$12MM NTM operating cash flow, which fully funds future development
- High average working interest across a mostly HBP, non-operated position
- 80+ undeveloped locations yield ~10 years of remaining inventory
- 3P PV10 of $200MM
Operated North West Shelf Opportunity
In Progress
Working Interest
Permian
- Expansive, primarily HBP footprint of ~22,000 net acres across the Northwest Shelf’s Yeso Fairway
- 3.6 MBoed (70% liquids) net production generates $24MM PDP NTM cash flow and ~$125MM PDP PV10
- Low lifting costs of ~$7.50/Boe increase margins to fully fund future development opportunities
- Line of-sight growth via 7 DUCs, 21 permits, and 23 AFEs contributes additional ~$9MM NTM cash flow
- >450 Yeso & San Andres core horizontal locations unlock prolific net reserves of ~121 MMBoe and PV10 of ~$900MM
A proven track record in the Oil & Gas sector
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