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.

CPEP Management LLC retained TenOaks Energy Advisors LLC in connection with the potential sale of certain cash-generating wellbore-only properties located in the Delaware Basin.

CPEP Management is an affiliate of Cross Plains Energy Partners LLC. The assets are located in New Mexico’s Eddy and Lea County.

Highlights:

  • Nonoperated working interests in 20 producing horizontal wells in the core of the Delaware Basin (Eddy and Lea County, N.M.)
  • Substantial cash flow and production base:
    • Next 12-month Net Cash Flow: $19 million
    • Projected Net Production: 2,950 boe/d (61% Liquids)
    • Minimal administrative costs / burden
  • Partnered with well-established Delaware Basin operators—EOG Resources Inc., Marathon Oil Corp., ConocoPhillips Co. (all wells drilled by Concho Resources) and Mewbourne Oil Co.
  • High Net Revenue Interest on multiple wells provides opportunity to monetize Overriding Royalty Interest
TenOaks Energy Advisors Marketed Map - Cross Plains Energy Partners Nonoperated Delaware Basin Properties

Bids are due May 20. The transaction is expected to have a June 1 effective date with a purchase and sales agreement targeted by June 10.

A virtual data room is available. For information visit tenoaksenergyadvisors.com or contact Lindsay Sherrer at TenOaks Energy Advisors at 214-620-4421 or Lindsay.Sherrer@tenoaksadvisors.com.

Onshore