The following information is provided by Detring Energy Advisors. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

U.S. Energy Development Corp. (USEDC) is offering for sale its core Delaware Basin leasehold and related assets located in Lea and Eddy counties, N.M.

USEDC Location Map - Delaware Basin - New Mexico

The asset offers an attractive opportunity to acquire roughly 1,950 net acres (100% HBP) throughout active horizontal development, according to Detring Energy Advisors, which USEDC retained as its exclusive adviser relating to the transaction.

Asset Highlights:

  • 1,946 Net Acres
    • 100% HBP
    • 23% Op / 77% NonOp
    • 51% Lea County / 49% Eddy County
  • 220 Boed Net Production
  • $1.8 MM operating cash flow (PDP next 12 months)
  • $5 MM+ PDP PV-10 value
  • 57 Producing Wells
    • 5 operated (53% average WI) / 52 nonop (10% average WI)
    • 40 horizontal / 17 vertical
  • Participating in 9 horizontal wells operated by Devon (6), Oxy (2), and Matador (1)
    • ~$2.9 MM net D&C
    • ~6% average WI
  • Properties Located in the Most Active Basin in the U.S.
    • >80 horizontal rigs running in the northern, New Mexico portion of the basin
    • Three proven benches across the 2nd Bone Spring, 3rd Bone Spring and Wolfcamp XY with IP-30’s over 2,000 boe/d
    • USEDC’s assets include ~700 net acres in Oxy’s “Greater Sand Dunes” prospect area with substantial future development potential

Process Overview:

  • Evaluation materials available via the Virtual Data Room on Mond., April 23
    • Data room presentations available upon request
  • Proposals due Wed., May 23

For information visit or contact Melinda Faust, Detring director, at 713-595-1004.