The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Centennial Resource Development Inc. through its wholly-owned subsidiary, Centennial Resource Production LLC, retained TenOaks Energy Advisors as its exclusive adviser in the sale of its Big Chief asset located in the southern Delaware Basin.
Big Chief Asset Overview:
- Contiguous operated footprint in Reeves County, Texas
- ~6,000 net acres with future development flexibility (majority HBP / all depths owned)
- Company-owned infrastructure, surface ownership and fee minerals included
- Substantial Production and Cash Flow Base
- Proven asset with 20 horizontal wells on position
- Net production: 1,600 boe/d (76% liquids)
- Healthy PDP component supported by low lifting costs
- Proven, High Return, Drill-Ready Locations
- 40+ quantified horizontal locations targeting the Wolfcamp A and Wolfcamp B / C formations
- Excellent IRRs based on localized type curves at Nymex Strip pricing
Bids are due at noon CST on Oct. 15. The transaction is expected to have an Oct. 1 effective date. Signing of a purchase and sale agreement is targeted by Oct. 29.
A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact Mariana Castaneda at TenOaks Energy Advisors at 972-822-3817 or Mariana.Castaneda@tenoaksadvisors.com.
Recommended Reading
Marketed: Berlin Resources Anadarko Basin Opportunity
2024-05-13 - Berlin Resources LLC has retained EnergyNet for the sale of an Anadarko Basin opportunity in the Donita 35/2 AP #1H in Roger Mills County, Oklahoma.
Marketed: Wayfinder Resources, KSE Minerals Five Well Package in Oklahoma
2024-05-13 - Wayfinder Resources Operating and KSE Minerals has retained EnergyNet for the sale of a Mississippian/ Woodford opportunity in Canadian County, Oklahoma.
ADNOC Drilling Secures $1.7B Contract for Unconventionals Recovery
2024-05-13 - ADNOC Drilling’s new incorporated company, Turnwell Industries, will deliver a total of 144 unconventional wells, as per the contract.
NANO Nuclear Energy Closes $10.25MM IPO
2024-05-13 - NANO Nuclear began trading on the Nasdaq Capital Market under the symbol NNE on May 8.
Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out
2024-05-10 - As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.