Core Powder River Basin Minerals Opportunity

Core Powder River Basin Minerals Opportunity

Anschutz Energy Corporation (“AEC” or the “Company”) is offering for sale certain minerals assets in the Powder River Basin. The Company has retained Opportune Partners as its exclusive advisor for the transaction.

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Resources

Core Powder River Basin Minerals Opportunity - Executive Summary

Core Powder River Basin Minerals Opportunity – CA (Word Doc)

Investment Highlights

Diversified, Oil Weighted PDP

  • Net production of 344 Boe/d (74% liquids) from 280 HZ PDPs (0.83% NRI)
  • Operated by blue chip Powder River Basin players including Anschutz, Oxy, and Continental
  • PDP PV10 of $17.1MM
  • NTM PDP EBITDA ~$5.0 MM

Near-Term Development Visibility Combined with Long-Term Runway

  • Total of 10,787 net royalty acres with 3 rigs on AEC’s position
  • Immediate production growth from 22 gross / 0.2 net WIPs
  • AEC will be providing a drilling commitment to backstop their development
  • More than 700 gross (6.2 net) locations across both conventional and unconventional targets
  • NTM EBITDA of ~$8.0 MM with 5-yr. cum. FCF of $50.0 MM
     
Key Dates
  • May 26th – VDR live
  • June 1st – Data room presentations begin
  • June 23rd – Bid date 

     

Please reach out to Daniel Rojo or [email protected] if you have any questions about the deal, process, and to schedule a data room presentation.

 
 

Opportune Partners LLC, an affiliate of Opportune LLP, is a member of the Opportune Network, and is a member of FINRA and SIPC. 

Opportune Partners LLC is not engaged in the practice of public accountancy. Privacy and Business Continuity Plan.