Riviera Energy Corporation is a Midland, TX based
Transaction Advisory Firm. We have proven how a third party can
play an important role in successfully completing oil and gas transactions.
As an experienced facilitator over the past 10 years, with documented
sales of over $900 Million, Riviera Energy's staff has demonstrated
its benefit to both buyers and sellers.
If you have Any
Size oil and gas interests (operated, non-operated, royalties,
minerals, prospects, or companies) you are interested in selling,
we can help to facilitate your divestiture
with Qualified Buyers Looking to Acquire Properties.
To discuss how our packaging, marketing, and sales
strategies can assist you with your sale, complete
the Registration Information form at the link below, fax your information
to (432) 686-9494 or simply call our office at (432) 686-9400 to
discuss your project further.
Learn
more about Riviera Energy by watching our comprehensive promotional
video!
RIVIERA'S
PROVEN SUCCESSFUL SALES PROCESS:
1. Compilation of Data --
All information pertaining to the divesture is organized and studied.
The Seller provides well data, pricing, contracts, revenue accounting,
legal descriptions, depth and ownership restrictions, field information,
geological write-up, working & net revenue interest, engineering
studies and/or evaluation if available. Data should be provided
electronically where applicable.
2. Preparation of Sale Package -- We develop a package that
presents the key information related to the assets of the offering.
The Elements include an overview of the property, field summaries,
curves, logs, lease and well information, LOE's, geological overview
(PUD, PDNP) & upside, terms, and effective and closing dates.
3. Access Prospective Buyer List -- Analysis of our Qualified
Buyers Network will determine which buyers are most likely to express
an interest in acquiring your assets. Buyer profile data is searched
to help determine the most qualified buyer for your specific divestiture.
4. Distribution of Notification of Sale -- We distribute
the Notification of Sale to operators, companies, investors, pension
trust funds and other groups (1,000 to 1,500). The property sale
notification and sales package will be available on Riviera's website
(www.RivieraEnergy.com) and other Oil & Gas marketing networks
to ensure complete industry awareness of the sale.
5. Package Distribution -- We then distribute the package
(FedEx, mail, or hand-delivery) to companies responding to the Notification
of Sale. Ongoing dialogues with buyers are maintained during this
process. Contact is important in order to ensure that necessary
information is received and all questions are addressed in order
for buyers to evaluate the package and make offers.
6. Due Diligence Process -- A Notice of Data Room and Property
Inspection Appointments is sent at this step. We begin scheduling
data room appointments and field inspections. For your convenience,
Data Room Presentations are held at Riviera Energy’s office.
7. Reminder Notification -- Offer Deadline Reminder Notices
are sent to all buyers (via fax, email and phone calls) who requested
the package. Notices are sent approximately seven to ten days prior
to the offer deadline date.
8. Offer Deadline -- Offers are received and reviewed. The
top bidder is contacted and the process continues to complete final
due diligence including the providing of an earnest money deposit.
This is followed by the last stages of the sale process and the
preparation of transfer closing documents.
