Maven’s strategy entails executing acquisitions in the most prolific resource plays in the continental U.S. The firm defines target areas based on oil and gas reserve potential with emphasis on operator quality and fiscal ability to develop acreage in the foreseeable future.
The Permian Basin of West Texas and Southeast New Mexico is one of the country's most prolific basins, having been commercially drilled since the early 1920s. Today, with over 150,000 active wells in 52 counties, the Permian continues to be aggressively developed with many operators now focused on horizontal drilling and pad development. Due to the presence of multiple target reservoirs or “stacked pay”, both Midland and Delaware Basins (Permian sub-basins) contain unparalleled reserve potential.
MRP is interested in both producing and non-producing acquisitions in Culberson, Eddy, Lea, Loving, Ward, and Reeves County in the Delaware Basin and Midland, Glasscock, Upton, Howard, Martin, and Reagan counties in the Midland Basin.
The Eagle Ford Shale of South Texas, discovered in 2008, has been one of the most actively drilled targets in the US for almost a decade. Even with a dip in commodity prices, MRP considers core Eagle Ford mineral opportunities an integral piece to the investment strategy.
MRP is actively pursuing deals throughout the Eagle Ford with its biggest focus on Karnes, DeWitt, and Gonzales counties.
The Haynesville Shale of Northwestern Louisiana and Eastern Texas is a natural gas bearing shale that is second only to the Marcellus in estimated recoverable gas. With recent development moving toward extended reach laterals on the Louisiana side of the play, the Haynesville is primed for a new wave of activity.
MRP is pursuing select Haynesville acquisitions in Bossier, Bienville, Caddo, De Soto, and Red River Parish in LA as well as Panola, Harrison, and San Augustine counties in Texas.
The Bakken is an established oil play that lies beneath Eastern Montana and Western North Dakota within the Williston Basin. Since the initial ramp in horizontal development nearly a decade ago, operators have made great strides in drilling and completion techniques which have boosted reserve recoveries and well economics. Today, the Bakken remains one of the few premier oil plays and is currently in a “manufacturing phase” of development thanks to high density pad drilling, low cost operations, and predictable well performance.
MRP is actively pursuing acquisition opportunities in Williams, McKenzie, Dunn, and Mountrail counties.