The following information is provided by Eagle River Energy Advisors LLC. All inquiries on the following listings should be directed to Eagle River. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Centennial Resource Production Inc. exclusively retained Eagle River Energy Advisors LLC to divest or farm out certain operated leasehold assets in the Delaware Basin of Reeves County, Texas.
- Capex Investment Opportunity: ~$40 million
- Potential Horizontal Drilling Locations: 6 Horizontal Wolfcamp Wells
- Wolfcamp A IRR/RIO: 85% IRR / 3.8x
- Wolfcamp B IRR/RIO: 51% IRR / 3.0x
The transaction is expected to have a May 1 effective date.
Bids are due at 4 p.m. MT on June 2. A virtual data room will be available starting May 5.
For information contact Mallory Weaver, marketing director at Eagle River, at 720-726-6093 or email@example.com.
Crude inventories in the Permian Basin fell to 15 million barrels (MMbbl) in the week to Feb. 19, the lowest since October and down from a record 22 MMbbl in November. That glut had doubled in size from 11 MMbbl in June, according to the Genscape data.
Fire and fog at the Houston Ship Channel could not stop the record.
Draft law would require import pipelines to not be owned directly by suppliers.