Current Engagements

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

Melinda Faust, Managing Director
(713) 595-1004

South Texas Producing Property Opportunity

Stable Production base yielding significant cash flow ( ~4 MMcfe/d | ~$1.2MM 2019 operating income)

11,870 net acres (100% HBP) with ~88% of the position operated by Smith Production

Highly delineated position with 60 actively producing properties

Austin Chalk Development Opportunity

5,228 highly-contiguous net acres, in the heart of the Austin Chalk play, with 4 acreage blocks identified (Avg. 8/8ths lease NRI: ~77%)

Extensions available for ~90% the of position, providing flexibility for near-term development timing (Acreage in primary term with options to extend to 2023+)

Texas American has completed rigorous analysis identifying 28,300 lateral-feet in 5 high-quality locations

Bids due September 16, 2020

Core Non-Operated Leasehold Opportunity

  • 1,285 net acres under active development
    • Acreage is 100% HBP by horizontal production
    • Leading operators actively developing EnCore units include Henry Resources, Driftwood Energy, and Pioneer
  • 15 producing horizontal wells (~9,300’ average lateral)
    • ~15% average unit working interest
    • ~300 Boed current net production (May 2021 est.)
    • ~$3.1MM NTM PDP cash flow | ~$11MM PDP PV-10%
  • 2 recent completions (currently flowing back) and 9 permitted locations (~40% avg. WI) driving significant production and cash flow growth through 2H2021
  • Bids due May 19, 2021

Permian Basin Minerals Opportunity

  • ~5,400 Net Royalty Acres
    60% Delaware / 40% Midland
  • High-quality acreage spanning the oil-rich cores of the Delaware and Midland Basins with exposure to premier operators
    • Top operators include Ovintiv, Diamondback, and EOG
  • Substantial cash flow growth via DUC/Permit development
    • 10 DUC and 24 permits with an average ~0.6% NRI
  • Operators completing prolific wells across multiple economic Wolfcamp, Spraberry and Bone Spring targets
    • Significant delineation with IP’s and EUR’s consistently topping 1,500 Boed, 1 MMBoe, respectively
  • ~220 hz rigs currently running throughout the Permian ensure mineral value acceleration
    • 15 rigs within 3 miles of position
  • Bids due May 19, 2021