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Monday, November 26, 2018

EnCap Trying to Sell Royalty Stake in Utica Shale

From Oil and Gas Investor:
EnCap Investments LP has retained Detring Energy Advisors to market for sale certain of its oil and gas mineral and royalty interests located in Jefferson, Belmont, and Harrison counties, Ohio, within the core of the dry gas Utica Shale play. 
The assets offer an attractive opportunity to acquire a concentrated, core position underneath premier Utica-focused operators generating world-class well results and superior economics, according to Detring. 
Asset Highlights:
  • About 6,325 Net Royalty Acres (at 1/8) | 93% HBP
  • Overriding Royalty Interests (ORRI) located throughout the core of the prolific Utica Shale play
  • Substantial OGIP across contiguous acreage position and under top operators including Ascent, Gulfport, Hess and XTO
  • Significant near-term development potential with about 3,340 net royalty acres (more than 50%) contained within existing horizontal drilling units
  • ORRI retained for any leases re-leased within 12 months of expiration
Read on by clicking here. 

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