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.
BC Operating Inc. retained Detring Energy Advisors to market for sale its oil and gas nonoperated working interests located in the Permian Basin in New Mexico’s Lea and Eddy counties and Reeves and Ward counties, Texas.
The assets comprise roughly 2,000 net acres spanning the core of the Delaware Basin with exposure to 50 or more drilling units with substantial near-term cash flow from 69 horizontal PDP locations. Additionally, the offering also includes seven DUCs and 25 recently permitted wells driving near-term growth and multi-decade inventory of highly-economic development locations across four or more benches, according to Detring.
- Evaluation materials available via the Virtual Data Room June 30
- Proposals due on July 28
The seller anticipates executing a purchase and sale agreement by mid-August and closing by September, Detring said.