Marketed: Atinum Nonop Producing South Texas, Wolfberry Packages

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Wolfberry Trend
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

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

Atinum Energy Investments LLC has retained PetroDivest Advisors to market for sale its nonoperated oil and gas producing properties, leasehold and related assets located in Starr and Hidalgo counties, Texas (South Texas Asset) and Reagan County, Texas (Wolfberry Asset) in two packages.

Wolfberry Asset Highlights:

  • Low-decline production base
    • About 40 boe/d net production (about 12% decline)
    • 80% liquids
      • 2019 operating income of about $220 million
  • 656 gross (218 net) acres
    • 100% HBP
    • Interest across six producing units
      • 51 producing wells (wellbore assignments)
      • One saltwater disposal well
  • 100% operated by Prime Operating
    • Average 14.6% Working Interest / 10.9% Net Revenue Interest
  • Upside in multiple stacked-pay targets

Process Summary (Both Packages):

  • Evaluation materials available via the Virtual Data Room June 17
  • Proposals due on July 22

For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

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