All our buying interests are at BuyingAndSellingInterests.ProsperSystems.biz
“Reload” on each visit to ensure latest version
O&G PRODUCTION BUYER via PROSPER SYSTEMS LLC
We acquire O&G production via Volumetric Production Payment (VPP):
• Buys 20-49% of the crude (or equivalent in gas)
• At fixed price for 1-3 up to 5 years
• FULL CONTRACT PAID ON CLOSING
• Most interested in the US, but have purchased production in Canada
• Takes a fiscal interest versus typical ownership in the property – maintains an Overriding Royalty Interest (ORRI) versus physical possession
• Not a percent-capped IRR system
• Prefers contracts that total us$50mm to $100mm
• Best to have 1000++/- BOEPD available
• 90- to 120-day close, and includes: purchase agreement, conveyance agreement, service agreement, and a release of collateral from the bank.
• NOTE: Buyer does NOT purchase prior to property acquisition, however contract funds from acquisitioner’s current properties could certainly be used to acquire other properties.
This qualifies for our Referral Income program at Referralincome.prospersystems.biz
This file is stored at BuyerOGproduction.prospersystems.biz. Last updated 1/5/2020 by KHJ
Copyright © 2014-2020, Prosper Systems LLC, Denver CO USA. All rights reserved.