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
TenOaks Energy Advisors Marketed Map - Centennial Resource Development Operated Delaware Basin Asset

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.

Onshore