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.