Caddo Mineral Partners LLC is offering producing and undeveloped mineral assets in the Delaware and Midland basins in a negotiated sale through The Oil & Gas Asset Clearinghouse.
The assets are located in Reeves, Ward, Martin, Midland and Howard counties in West Texas. Operators include Concho Resources Inc. (NYSE: CXO), Pioneer Natural Resources Co. (NYSE: PXD) and Encana Corp. (NYSE: ECA).
Highlights:
- Productive formations in the Delaware and Midland basins including the Bone Spring, Spraberry and Wolfcamp;
- Multiple producing horizons consist of Wolfcamp A, B and C;
- 102 proved undeveloped (PUD) locations identified;
- Nine tracts in the Permian Basin covering 440.75 net acres;
- 80 additional locations with increased density;
- 18 proved developed producing (PDP) wells;
- Includes four horizontal wells;
- PDP royalty interest ranges 0.8% to 7.5%; and
- PUD royalty interest ranges 0.3% to 1.8%.
Bids are due Sept. 1. For information visit ogclearinghouse.com or contact Pat Dapra, vice president of negotiated transactions for Clearinghouse, at 832-601-7655.
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