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.
EnCore Permian Holdings LP retained TenOaks Energy Advisors for the sale of its operated Southern Delaware Basin position in Texas within Northwest Pecos and Southern Ward counties.
Highlights:
- Drill-Ready Position with Majority Operational Control
- About 4,000 net acres (90% Northwest Pecos | 10% Ward)
- About 92% Working Interest / 69% Net Revenue Interest (75% Net Revenue Interest/Working Interest)
- No near-term leasehold expirations
- Majority of the leasehold accommodates 2-mile laterals
- Position includes some surface and mineral ownership (1,280 Net Royalty Acres)
- More than 190 quantified horizontal drilling locations with single-well Internal Rate of Returns exceeding 100%
- Ongoing delineation in the immediate area by proven, public E&Ps including Jagged Peak Energy Inc., Parsley Energy Inc., Rosehill Resources Inc. and Diamondback Energy Inc.
- Package includes a 12.5% nonoperated Working Interest in an actively developed unit in Jagged Peak’s Big Tex area
(Source: TenOaks Energy Advisors)
Bids are due by noon CST on June 13. For information visit tenoaksenergyadvisors.com or contact Trey Bonvino, TenOaks associate, at 214-420-2331 or Trey.Bonvino@tenoaksadvisors.com.
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