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.
Starboard Permian Resources LLC and Max Permian LLC retained RedOaks Energy Advisors LLC as the exclusive adviser in connection with the sale of certain leasehold in New Mexico’s Lea County within the Northern Delaware Basin.
Highlights:
- 599 net acres in the Northern Delaware Basin
- No near-term expirations (June 2023 earliest expiration)
- 12 existing APDs in place
- 7 active rigs running immediately offset position
- Opportunity for operational control in certain DSUs
- 42 quantified drilling locations
- Average IRR per well: 55%
- Average EUR per well: 1.3 MMboe (83% oil)
Bids are due April 29. The transaction is expected to have a May 1 effective date.
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.
Recommended Reading
Continental Resources Profit Plunges On Weak Prices
Continental Resources' total production rose 12% to 332,315 barrels of oil equivalent per day, primarily boosted by higher output at its Bakken shale basin.
Vitol Extends Oil Demand Growth Peak Estimate To 2034
Vitol said its traded crude and products volumes rose to 7.4 million barrels per day last year, up from 7.2 million in 2017.
ADNOC CEO: $11 Trillion Investment Needed To Meet Future Global Energy Demand
United Arab Emirates minister of state and ADNOC Group CEO Sultan Ahmed Al Jaber also said that the state oil company was on track to raise its oil production capacity to 4 million barrels per day (MMbbl/d) by 2020 and 5 MMbbl/d by 2030.