The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

BSR Minerals NW Stack Play Heat Map (Source: Meagher Energy Advisors)

BSR Minerals I LLC retained Meagher Energy Advisors to solicit offers for a rapidly developing mineral opportunity in the core of the Northwest Stack play.

The assets include BSR's mineral rights located in the Dewey, Ellis, Major and Woodward counties, Okla. A total of roughly 6,400 net mineral acres is being offered for purchase with 75% of the mineral portfolio currently producing or leased.

Asset Highlights:

  • Overview
    • About 6,400 net mineral acres spanning the core of the Northwest Stack play
    • 81 wells currently located on the mineral assets, 21 horizontal completed wells, 51 vertical completed wells and 9 horizontal wells currently drilling and completed
    • $69,400 forecasted net cash flow for May 2018
    • Rapid development of minerals creates a unique cash flow generating asset
    • Notable operators: Tapstone, Chesapeake, Devon, SandRidge, Marathon, Carrera, Comanche, Corlena, Council Oak, Staghorn, Mewbourne and Newfield
  • Upside Potential

    Historic and Future Net Monthly Cash Flow (Source: Meagher Energy Advisors)

    • Projected Wells Drilled and Additional Future Value
      • 2018 – 12 wells $2,000,000
      • 2019 – 20 wells $3,400,000
      • 2020 – 32 wells $5,500,000
      • 2021 – 46 wells $7,800,000
  • Mineral Interests
    • About 6,400 net mineral acres
    • 75% of the mineral portfolio is currently producing or leased (4,668 net mineral acres)
    • Average lease royalty of 17%

Bids are due June 6. The transaction is expected to have a May 1 effective date with closing occurring by June 29.

For information visit meagheradvisors.com or contact Teri Williams, COO of Meagher, at twilliams@meagheradvisors.com or 918-481-5900 ext. 224.