oil & gas assets

royalty or overrideSAN JUAN CO., NM ORRI FOR SALE

Royalty, Override or Mineral Interest For Sale Through PLS Marketing & Transactions Arm
All Standard Disclaimers Apply & Seller Rights Retained


SAN JUAN CO., NM ORRI FOR SALE
SAN JUAN CO., NM ORRI FOR SALE
3-Producing HZ Wells. 9-Locations.
SAN JUAN BASIN
GALLUP FORMATION
6.375% OVERRIDING ROYALTY INTEREST
Gross Prod: 82 BOPD & 1,026 MCFD
Net Prod: 5 BOPD & 65 MCFD
Recent Net Cash Flow: ~$10,600/Mn
Proved Reserves: 17.5 MBO & 109.7 MMCF
Net Total Proved PV10: ~$1.2MM
Operated by Encana
SELLER REVIEWING OFFERS
RR 6101PP
Sale Points
Updates:
06/07/18: Proposal Guidelines added to the Summary & Introductory Material Folder.

Summary:
Pinon Royalties LLC (a subsidiary of Juniper Resources) is offering for sale an Overriding Royalty Interest (ORRI) package with monthly cash flow of $10,600/Mn. Pinon Royalties currently owns an ORRI in three wells operated by Encana in the San Juan Basin.

1) Escrito E07 2409 01H (API #30-045-35432)
2) Escrito M07 2409 01H (API #30-045-35435)
3) Escrito M07 2409 02H (API #30-045-35434)

The three horizontal wells were drilled by Encana between June 2013 and February 2014 at 5,500 ft TVD, with 4,700 ft laterals, targeting the Gallup formation. Over the last 6 months, these wells have produced an average of 82 BOPD and 1,100 MCFD.

Upside:
Pinon Royalties LLC is also conveying ORRI interest in a 640-acre section which exposes a buyer to future development from up to 9 locations.

Sales Process Schedule:
May 16, 2018: Teaser Released
May 17-June 15, 2018: Marketing
June 15, 2018, 5pm CST: Offers Due
June 1, 2018: Effective Date

Additional Interest Available:
Separate from the ORRI, Pinon Royalties LLC is offering for sale an 8.5% working interest and 6.8% NRI in 320 Gross Acres and one producing well (Escrito E07 2409 #1H). This non-operated working interest adds ~$3,000/Mn in net cash flow. Juniper will evaluate offers for the working interest separately from offers on the ORRI. Please contact PLS to receive additional information.

CONTACT AGENT:
PLS Energy Advisors Group
Mr. Eric Thompson
A&D Team Lead
10850 Richmond Ave Ste 300
Houston, TX 77042
Direct: 713-600-0136
Email: ethompson@plsenergyadvisors.com
Questions Regarding This Asset? Email Eric Thompson or call PLS at 713-650-1212

Public Data (No C.A. Required)
folder01. Summary & Introductory Material
folder02. Engineering
folder03. Accounting
folder04. Land
folder05. Production
folder06. Well Data
folder07. Form of Assignment
folder08. Working Interest - Separate Transaction
folder09. ALL DATA ROOM FILES

Questions Regarding This Asset?
Email: Eric Thompson
Call: 713-650-1212



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