Marketed: Birch Operations Midland Basin Production Acquisition Opportunity

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Midland 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.

Birch Operations Inc. is offering for sale its vertical Midland Basin wellbore-only operated interests in Howard, Martin and Midland counties, Texas.

The assets offer an attractive opportunity to acquire 89 liquids-rich wellbores (85% liquids) in the Permian Basin producing 975 boe/d (net) and generating a resilient, high-margin cash flow stream driven by efficient operations, according to Detring Energy Advisors LLC, which Birch has retained as its exclusive adviser related to the transaction.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on May 10
  • Proposals due on June 9

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

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