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Deal Summary

Energy Advisors Group has been retained by Red Stone Resources to market their North Louisiana mineral position located in De Soto Parish, LA. The package consists of 316-Net Mineral Acres (92% Leased) with All Depths and All Rights in 11N-13W, 11N-15W, 11N-16W, 12N-13W and 15N-14W.

Royalties on leased minerals range from 18.75%-25.00% with additional potential to receive lease bonuses on 25 unleased acres.

Current Offset Activity
Significant permitting activity has been taking place in the area in 2019. Brix Operating/Vine was granted a new permit for the Oberwortmann 19H ON Red Stone’s position in 19-11N-15W during July 2019.

Boutwell Etux 18H, a 1-mile horizontal Haynesville well located one section to the north of Seller’s largest single-tract mineral position in 11N-15W. (Seller has an OPEN section immediately to the west of the Brix permit).

Brix also has an additional 2-Mile lateral Haynesville permit, granted in July 2019 in 11N-15W and another 1-Mile lateral in 11N-13W which was drilled in Q4 ’19.

XTO recently permitted 4-Haynesville wells with 2-mile laterals within 5-6 miles to the northwest in 12N-16W (Granted in January 2019).

Additional Notes

There are 6-Total wells on the position (5-Producing & 1-Recent Shut in from late 2018) and 1-New Permit granted to Brix Operating.

The seller has confirmed the following details:

—- All Minerals Include ALL Rights to ALL Depths

Asset Highlights:

  • DE SOTO PH., LA MINERALS FOR SALE
  • 316-Net Mineral Acres (444/NRA)
  • RECENT NEW DRILL PERMITS
  • HAYNESVILLE DEVELOPMENT FAIRWAY
  • ALL DEPTHS. ALL RIGHTS.
  • Most Minerals Leased at 75% NRI
  • 6-Total Wells (5-Producing) on Position
  • Minimal Cash Flow From Operator 1
  • Solid Area Operators: Indigo, Comstock
  • New Permit, Well Could Add $60,000 Mn
  • —GEP, Vine/Brix and XTO
  • Seller Is Motivated – Easy Deal To Evaluate

North Louisiana Minerals For Sale - Energy Advisors Group

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For more information, contact Richard Martin, Director with EAG, at [email protected], Office 214-774-2150 or Cell 469-866-9796.


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