Marketed: Apache Corp. Gulf of Mexico Shelf Nonop Opportunity

Transaction Type
Sellers
Marketers
Basin
US Gulf Of Mexico Shelf
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

The following information is provided by Detring Energy Advisors LLC. 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.

Apache Corp. retained Detring Energy Advisors to market for sale certain of its nonoperated Gulf of Mexico shelf assets located across six platforms in Louisiana and Texas federal waters.

The assets comprise nonoperated working interest in legacy production underpinned by meaningful liquids-weighted production generating $24 million of cash flow. Planned development opportunities include low-risk behind-pipe locations, which boast attractive economics supported by high-margin realizations of $50 or more of boe netback, according to Detring.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on Sept. 21
  • Bids are due on Oct. 26

For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.

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