Operated Acquisition/Farm-In Opportunity in the Delaware Basin with Premier Operator, Centennial Resource Production
Centennial Resource Production to divest or farm-out certain operated leasehold assets in the Delaware Basin of Reeves County, Texas. DENVER, COLORADO, UNITED STATES, May 11, 2021 /EINPresswire.com/ Eagle River Energy Advisors, LLC ( Eagle River ) has been exclusively retained by Centennial Resource Production, Inc. ( Seller ) to divest or farm-out certain operated leasehold assets in the Delaware Basin of Reeves County, Texas. The assets provide the opportunity to invest ~$40MM of capex in a single 480-acre operated DSU in Reeves County, TX with 100% WI and 75% NRI. The drill ready DSU has the location staked, updated title and permits and pooling order in place to accommodate 6 horizontal drilling locations in the Wolfcamp A and B/C formations.
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VANCOUVER, BC, Feb. 11, 2021 /PRNewswire/ - Uranium Royalty Corp. (TSXV: URC) (US: URCCF) ( URC or the Company ) is pleased to announce it has entered into a definitive agreement to acquire existing royalty interests on the McArthur River and Cigar Lake Mines in Saskatchewan, Canada.
Highlights
The acquisition represents a transformational transaction for Uranium Royalty Corp (URC), providing potential near to long-term cash-flow opportunities from existing long-life mines operated by Cameco Corporation (
Cameco ) and partnered with Orano Canada Inc. (
Orano ), two of the world s most prominent uranium and nuclear fuel companies;
World-class production profile: McArthur River and Cigar Lake mines rank as the two largest high-grade uranium mines in the world, with ore grade 100 times world averages as disclosed by Cameco. Based on disclosed production capacities, the mines have the combined capacity equal to 21% of global forecasted u