The following information is provided by RedOaks Energy Advisors. All inquiries on the following listings should be directed to RedOaks Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Providence Energy Partners III LP retained RedOaks Energy Advisors for the sale of certain non-operated working interest properties located in the Permian Basin. With 954 net acres in the core of the Delaware and Midland basins, the opportunity has an established production base from 92 horizontal producers generating strong cash flow.
Key Considerations
- Core Delaware / Midland Basin non-operated working interest portfolio
- 954 net acres | 26 DSUs
- Established production base from 92 horizontal producers generates strong cash flow
- NTM CF: $5.6MM
- Current PDP net production: 1,042 Boepd
- Partnered with Permian-focused operators
- Majority operated by OXY, Coterra and CPX | OXY running a rig on position
- Strong economics across stacked targets
- Operators exploiting 5 benches with 120+ undeveloped locations
Bids are due at noon CST on Nov. 19. For complete due diligence information, please visit redoaksenergyadvisors.com or email David Carter, partner, at david.carter@redoaksadvisors.com.
Recommended Reading
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2024-11-13 - Reuters reported in June that Exxon was auctioning the assets to focus on higher growth shale drilling properties, following the completion of its $60 billion takeover of Pioneer Natural Resources in May.
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2024-12-03 - Liam Mallon, Exxon Mobil’s upstream president, discusses how XOM liquids production has hit a 40-year high on the 25th anniversary of the Exxon-Mobil merger, and plans for the future.
Report: Will Civitas Sell D-J Basin, Buy Permian’s Double Eagle?
2025-01-15 - Civitas Resources could potentially sell its legacy Colorado position and buy more assets in the Permian Basin— possibly Double Eagle’s much-coveted position, according to analysts and media reports.
Surge Energy Balancing M&A Hunt with Testing Midland’s Shallow Zones
2024-12-05 - Surge Energy’s Travis Guidry discusses the potential for $1.3 billion in Permian Basin M&A and the company’s quest to grow inventory organically.
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