Caerus Oil and Gas 2019 Piceance Minerals Divestiture


  • Opportunity to acquire ~4,150 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 ~1,650 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
  • ~4 mmcfe/d (95% gas) Q4 2019E net production from >2,200 gross producing wells
  • Q4 2019E annualized cash flow of >$3 million