The following information is provided by PetroDivest Advisors. All inquiries on the following listings should be directed to PetroDivest. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Resonance Resources LLC has retained PetroDivest Advisors to market for sale its Delaware Basin leasehold located in Lea County, N.M.
The assets offer an attractive opportunity to acquire about 3,450 net acres with substantial remaining term and attractive development potential across multiple Bone Spring horizons.
Asset Highlights:
- 3,446 Net Acres
- Contiguous footprint allows for extended-reach laterals across multiple development targets
- Significant remaining term and forced pooling provide optionality on development timing
- Low royalty boosts well economics (average 77% NRI)
- Substantial Bone Spring Stacked Pay Opportunity
- Acreage strategically located to target Bone Spring development moving north and east in Lea County
- Acreage offsets recent, robust results in the Third Bone Spring and is on-strike with high-performing Second Bone Spring wells to the west and south
Process Overview:
- Evaluation materials available via the Virtual Data Room on Aug. 27
- Contact Jerry Edrington for a Confidentiality Agreement at 713-595-1017 or jerry@petrodivest.com
- Proposals due on Sept. 26
PetroDivest is a boutique advisory firm affiliated with Detring Energy Advisors and offering negotiated, sealed-bid acquisitions and divestitures services to the upstream oil and gas industry, with a focus on transactions valued at or below $20 million.
Recommended Reading
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
2024-04-25 - Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
Chevron’s Tengiz Oil Field Operations Start Up in Kazakhstan
2024-04-25 - The final phase of Chevron’s project will produce about 260,000 bbl/d.
Rhino Taps Halliburton for Namibia Well Work
2024-04-24 - Halliburton’s deepwater integrated multi-well construction contract for a block in the Orange Basin starts later this year.
Halliburton’s Low-key M&A Strategy Remains Unchanged
2024-04-23 - Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.