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.
EnCore Permian Holdings LP retained TenOaks Energy Advisors for the sale of its operated Southern Delaware Basin position in Texas within Northwest Pecos and Southern Ward counties.
Highlights:
- Drill-Ready Position with Majority Operational Control
- About 4,000 net acres (90% Northwest Pecos | 10% Ward)
- About 92% Working Interest / 69% Net Revenue Interest (75% Net Revenue Interest/Working Interest)
- No near-term leasehold expirations
- Majority of the leasehold accommodates 2-mile laterals
- Position includes some surface and mineral ownership (1,280 Net Royalty Acres)
- More than 190 quantified horizontal drilling locations with single-well Internal Rate of Returns exceeding 100%
- Ongoing delineation in the immediate area by proven, public E&Ps including Jagged Peak Energy Inc., Parsley Energy Inc., Rosehill Resources Inc. and Diamondback Energy Inc.
- Package includes a 12.5% nonoperated Working Interest in an actively developed unit in Jagged Peak’s Big Tex area
Bids are due by noon CST on June 13. For information visit tenoaksenergyadvisors.com or contact Trey Bonvino, TenOaks associate, at 214-420-2331 or Trey.Bonvino@tenoaksadvisors.com.
Recommended Reading
Seadrill Sells Three Jackups for $338MM to Gulf Drilling International
2024-05-17 - Seadrill Ltd. is also selling its 50% equity interest in the joint venture that operates the rigs offshore Qatar.
Could Crescent, SilverBow Buy More in South Texas After $2.1B Deal?
2024-05-17 - The combination of Crescent Energy and SilverBow Resources will yield one of the Eagle Ford’s top producers—and the pro forma E&P could look to gobble up more acreage in South Texas after closing.
Permian Powerhouse: Apache Doubles Down on Core Assets After Callon Acquisition
2024-05-16 - Apache CEO John Christmann detailed plans for the Permian Basin and Suriname during the SUPER DUG Conference & Expo.
Crescent Energy to Buy Eagle Ford’s SilverBow for $2.1 Billion
2024-05-16 - Crescent Energy’s acquisition of SilverBow Resources will create the second largest Eagle Ford Shale E&P with production of about 250,000 boe/d, the companies said.
Diamondback’s Van’t Hof Plays Coy on Potential Delaware Divestiture
2024-05-16 - Diamondback Energy’s President and CFO Kaes Van't Hof also addressed new Permian exploration and the lack of “fun” dealing with the FTC on its deal to buy Endeavor Energy Resources.