Mesa Royalties II has closed on the acquisition of a mineral and royalty portfolio containing approximately 15,000 net royalty acres in the core of the Haynesville shale region from an undisclosed seller. The acquired asset contains 472 existing PDP wells, and the projected asset cash flow for the next 12 months is approximately $30 million.
“We are excited to acquire this premier Haynesville shale mineral and royalty portfolio,” said Darin Zanovich, president and CEO of Mesa II. “The asset has robust existing cash flow that allows us to begin an immediate distribution plan for our investors. The assets are situated in the core of the Haynesville in north Louisiana, and there are currently nine rigs drilling on the acreage today. Additionally, approximately 50 percent of the active drilling permits in the basin are currently located on this acreage footprint, which will allow the position to continue to have a significant cash flow profile for years to come.”