The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
A private seller has retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of its Delaware Basin royalty properties in the Permian.
Highlights:
- 1,024 Net Royalty Acres in Reeves County Section 27, Block 6
- Operator: Centennial Resource Development Inc.
- Two-mile DSU
- Existing cash flow from Five Horizontal PDPs
- Substantial near-term upside: Two DUCs | 16 Undeveloped Locations
- Projected Next 12-month cash flow: $2.6 million
(Source: RedOaks Energy Advisors LLC)
Bids are due July 8. The sale is expected to have an effective date of July 1.
A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.
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