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.
Dale Operating Co. has retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of its Delaware Basin minerals position in New Mexico and West Texas.
Highlights
- 930 Net Royalty Acres (normalized to 1/8th)
- Location: New Mexico's Eddy County and Loving, Ward, Reeves and Pecos counties, Texas
- Significant cash flow: $57,000 per month (2020 average)
- PDP PV-10: $2.5 million
- 50 producing horizontal wells | 21 DSUs
- Key Operators: EOG Resource Inc., Concho Resources Inc., Cimarex Energy Co. and Mewbourne Oil Co.
Bids are due Dec. 17. 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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