Double Eagle Royalty LP

Transaction Type
Basin
Permian Basin; Delaware Basin
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

Double Eagle Royalty LP retained Detring Energy Advisors to sell its oil and gas mineral and royalty interests throughout the core of the Delaware Basin in West Texas.

The offer includes roughly 2,556 net royalty acres (normalized to 1/8 royalty) in Reeves, Ward, Winkler, Pecos, Culberson and Loving counties, Texas. Annual net cash flow is about $1 million with net production of roughly 90 boe/d from 85 active producers (43 horizontal/42 vertical).

Bids are due Feb. 21. For information visit detring.com or contact Melinda Faust at 713-595-1004.

RELATED: Marketed: Delaware Basin Minerals, Double Eagle