Covault Resources Fund II LLC
Investing in near-term non-operated working interests in select basins
Led by an experienced management group that combines an exclusive network with industry-leading management and technical capabilities to deliver outsized returns to investors
About Us
Our Investment Rationale & Value Proposition
Targeting selected established oil and gas plays in the domestic United States with demonstrated robust economics at moderate global commodity prices
Company managers, with an average of 30 years of energy industry experience and over 1,900 operated and non-operated participated wells, will invest alongside in non-public opportunities generated via their extensive industry network
Company focus couples high-quality, low-risk development with a structure that emphasizes rapid return of capital and generation of attractive multiples on invested capital (MOIC) and internal rates of return (IRR) without long-term exposure to commodity price swings
Pursue downside risk protection via hedging as appropriate
Compelling industry fundamentals
We Identify un-marketed opportunities in top-tier areas to target investment
Focus on near-term cash generation, no long lead times between acquisition and drilling, minimal undeveloped holdings – high priority on targeting non-operated AFEs where drilling is immediate or forthcoming
Evaluating Opportunities
Covault TrackerTM
Investment opportunities are rigorously analyzed for their technical and economic merits first and foremost. We only consider investments in previously established plays in areas with demonstrated high performance. Because we purchase non-operated interest only we are not constrained geographically nor burdened by the overhead of field operations allowing for both flexibility and nimbleness.
Once an investment passes technical muster, economic performance is modeled including sensitivity analysis.
We utilize the Covault TrackerTM to weigh comparative investments to select the highest potential for low-risk production success.
Each project must support co-investment of our own funds to align risk with our investors. Internal rates of return must exceed 30% to investors (pre-tax) at flat commodity base pricing scenario to move forward.
OUR TEAM
Executive Management Team / Investment Committee
Operations & Technical Evaluation
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
ESG
OFFICE
Covault Resources LLC
264 Detroit St,
Denver, CO 80206
(303) 223-6003
