Caerus Oil and Gas 2019 Piceance Minerals Divestiture

Overview

  • Opportunity to acquire >6,600 developed mineral acres in the Piceance Basin located in Garfield County, Colorado
    • Offering includes mineral and overriding royalty interests in the Areas of Interest (“AOI”): East Fork, Battlement  Mesa, and Mamm Creek
    • Properties include an ORRI interest in >1,600 wells
    • All assets are held-by-production (“HBP”)
    • Future acquisition opportunities are expected as the company owns ~45,000 net mineral acres in the basin and is actively acquiring and developing additional interests
    • Provides exposure to upside from gas price or basis improvement
  • ~6.3 mmcfe/d (96% gas) Q4 2019E net production from >2,300 gross producing wells
  • Q4 2019E annualized cash flow of $5.5 million

Click here to access Caerus Oil and Gas 2019 Piceance Minerals Divestiture VDR

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