Marketed: Carr Resources Permian Basin Eastern Shelf Operated Working Interest

Carr Resources Inc. retained Detring Energy Advisors for the sale of its operated oil and gas leasehold located in the Eastern Shelf of the Permian Basin in Scurry County, Texas.

Provided by Detring Energy Advisors

Carr Resources Inc. retained Detring Energy Advisors to market for sale its operated oil and gas leasehold located in the Eastern Shelf of the Permian Basin in Scurry County, Texas.

The assets offer an attractive opportunity to acquire a concentrated roughly 7,600 net acre position and 100% working interest in 10 horizontal wells producing from the Strawn formation, according to Detring. Current liquids-rich production is about 2,100 boe/d with significant, high-margin net cash flow of $33 million next 12-month (PDP-only) and 12 highly economic development locations including seven permits self-funded through operating cash flow, the firm added.

Evaluation materials are available via the Virtual Data Room on June 6. Bids are due on July 13. For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.

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