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.
Vermilion Cliffs Partners retained RedOaks Energy Advisors LLC as the exclusive adviser in connection with the sale of certain oil and gas properties located within the Midland Basin in Howard and Glasscock counties, Texas.
Highlights:
- 4,200 net acres | 100% HBP
- Net production: 601 boe/d (85% liquids)
- Next 12-month PDP cash flow: $3.0 million
- Significant midstream infrastructure in place
- Oil gathering pipeline: 26 miles
- Gas gathering pipeline: 20 miles
- Produced water pipeline: 24 miles
Bids are due Sept. 20. The transaction is expected to have a Sept. 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
Diamondback’s Viper Buys $1.1B in Permian Mineral, Royalty Interests
2024-09-11 - Diamondback subsidiary Viper Energy is spending $1.1 billion on a series of Permian Basin mineral and royalty acquisitions from Tumbleweed Royalty, which was formed by the executives behind Double Eagle Energy.
Mike Wirth: The ‘Remarkable’ Rise Of Chevron’s Permian Portfolio
2024-08-20 - Chevron aims to grow Permian volumes past 1 MMboe/d in 2025—less than a decade after it averaged less than 100,000 boe/d from legacy holdings in West Texas and New Mexico, Chevron CEO Mike Wirth said.
It’s All Relative: Family Oil Companies Attract Huge M&A Attention
2024-07-01 - What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?
Continental, Antero, Other E&Ps Make Strides in Ground Game A&D
2024-08-08 - Operators have been hard at work on ground game dealmaking from the Permian to Appalachia through the first half of the year, according to reports by Continental Resources, Antero Resources, HighPeak Energy and others.
Dorchester Inks Deals for Midland, Delaware and D-J Basin Interests
2024-09-16 - Dorchester Minerals agreed to buy Permian Basin interests in the Midland and Delaware basins for roughly $215 million, based on its Sept. 16 unit price.