DIRECT INVESTMENTS
Well Completion Funding for Oil & Gas Operators
Leveraging over 25 years of oil and gas finance experience, we provide asset-level, well completion funding to enable oil and gas operators to increase their profitability and balance sheet strength.
Well Completion Funding
Accelerates the conversion of non-producing wells into production:
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Conveyance of a perpetual, adjustable overriding royalty interest (ORRI) carved out of subject wells
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$2-10 million per six-month project phases
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To be used for well return to production, recompletions and completions
Trade Components
Use of customary industry trade concepts and documentation allows for timely execution:
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Operator conveys ORRI carved out of wells, subject to an agreed development plan
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Enstream ORRI receives the majority of net revenue interest percentage until a target economic payout, reducing to a smaller percentage of the net revenue interest percentage thereafter; Operator receives residual cash flow and substantial back-in
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Operator retains working interests, prospect control and leasehold inventory
Operator Benefits
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Timely execution of project funding
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Accelerated well conversion into production
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Retention of capital structure and governance
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Retention of producing reserves and upside
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Retention of operating control
Target Prospects
Short-cycle projects which provide a high economic return to the operator:
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Existing wellbores with PDSI, PDNP reserves
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Located in mature fields with established infrastructure
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Multi-phase project opportunities
