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Sold - Stewart Family Foundation - DJ Basin Producing and Undeveloped Minerals

  • March 2022 estimated PDP net cashflow of $543,000 and 324 BOEPD (60% Oil). 12 month estimated net PDP cashflow of $3.8MM.
  • 894 net royalty acres, all HBP and leased at 12.5% to 15% royalty.
  • 426 net royalty acres in 2 Chevron DSUs (18 wells permitted) with first production expected in 2023. An additional 68 net royalty acres contain 46 horizontal locations.

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