Marketed: BC Operating Delaware Basin Nonoperated Working Interests

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Delaware Basin
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.

BC Operating Inc. retained Detring Energy Advisors to market for sale its nonoperated working interests located in the core of the northern Delaware Basin in southwest Lea County, New Mexico.

The assets offer an attractive opportunity, according to Detring, to acquire a majority interest in the Broadside 13-24 Fed Com unit where Devon Energy has a rig on-location drilling four recently AFE’d 2-mile laterals targeting the prolific Upper Wolfcamp with anticipated TIL by March. The assets include interest in the offsetting Broadside 1H, a prolific recent completion generating substantial cash flow, Detring added.

Process Summary

  • Evaluation materials available via the Virtual Data Room on Oct. 4
  • Proposals due on Oct. 29

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

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