Current Engagements

Please contact Melinda Faust to learn more about our current offerings.

Melinda Faust, Managing Director
(713) 595-1004

MECO IV – Pecos County Working Interest & ORRI Opportunity

• Vertical, operated, working interest fields targeting Delaware Mountain Group reservoirs and cost-free ORRIs in 8 Wolfcamp & Bone Spring horizontal wells
• Working Interest Package: 3,352 net acres (100% HBP); $1.5MM NTM cash flow; $7.3MM PV10 (PDP-only)
• ORRI Package: 8 recent, high-interest (6.1% ORRI avg.), horizontal wells operated by Exxon with $1.7MM NTM cash flow ($6.0MM PV10, PDP-only)
• Additional development through operated behind-pipe opportunities and potential horizontal infill in the ORRI unit
• Bids due December 1, 2021

Kirkwood Oil & Gas & Wesco Operating – Colorado Upstream Property Opportunity

• Durable cash flow from stable, vintage wellbores ($1.1MM NTM and $3.6MM PV10, PDP-only)
• Conventional oil production on a low-decline profile from 12 producing vertical wells and 4 injector/SWD wells
• Supporting infrastructure with a 10,000 Bbl revenue generating, floating top tank ($0.6MM PV10)
• High interest ownership (100% WI & 84% RI avg.) and operational control with multiple behind-pipe opportunities across the position
• Bids due November 18, 2021

Kirkpatrick Oil Company – Diversified Non-Operated Opportunity

• ~11,500 net acres (100% HBP) across 49 counties and 5 states (Oklahoma, Texas, New Mexico, Colorado, & North Dakota)
• Low-decline, consistent production of ~240 Boed from 366 wells (302 vertical & 64 horizontal)
• ~$1.3MM NTM net cash flow from producing assets only ($4.5MM PV10)
• Operational and developmental upside from recompletions, behind-pipe, and reactivation of shut-in wells
• Pending

Merit Energy Company – Anadarko Basin Non-Operated and Mineral/Royalty Opportunity

• Robbust, low-decline production (~2,100 Mcfed | 8% NTM Decline) with growth potential including 5 recently drilled DUCs
• Long-term cash flow ($3.7 NTM PDP cash flow) bolstered by strong operating margins
• A large, diversified non-operated working interest and mineral/royalty interest position (~15,200 net acres) that supports continued development and delineation of proven pay zones
• Pending