The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Platform Minerals is offering for sale certain minerals and royalties in the Permian Basin. The company retained TenOaks Energy Advisors LLC as its exclusive adviser in connection with the transaction.
Asset Highlights
- Diversified Portfolio of Minerals Across the Permian Basin
- 5,623 Net Royalty Acres
- 1,837 NRA in the Delaware Basin (Reeves, Loving, Lea, Winkler, Ward, Pecos)
- 3,786 NRA in the Midland Basin (Howard, Martin, Midland, Glasscock, Reagan, Upton, Borden)
- Platform will entertain separate offers for the Midland and Delaware Basin properties
- 5,623 Net Royalty Acres
- Cash Flow is Building from the Remarkable Level of Activity
- August 2018 – December 2018 projected monthly cash flow (PDPs, DUCs, Permits): ~$460,000/month
- 2018 Annualized cash flow: ~$5.5 million (253 producing horizontal wells)
- 244 wells spud in last 24 months on the position
- Significant near-term growth from 140 DUCs / 159 permits
Bids are due July 10. For information visit tenoaksenergyadvisors.com or contact Lindsay Sherrer, TenOaks partner, at lindsay.sherrer@tenoaksadvisors.com or 214-420-2324. For a copy of the CA contact Trey Bonvino, an associate with TenOaks, at trey.bonvino@tenoaksadvisors.com or 214-420-2331.
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