Marketed: Carrizo Permian Alpine High Leasehold

Transaction Type
Sellers
Marketers
Basin
Permian Basin
Field
Alpine High
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

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

An affiliate of Carrizo Oil & Gas Inc. retained EnergyNet for the sale of a Permian Basin package of Alpine High assets in West Texas through a sealed-bid offering closing Sept. 11.

The offering comprises Carrizo Permian LLC non-producing leasehold in Culberson and Reeves counties, Texas, offset by several operators including Apache Corp. (Editor's note: Callon Petroleum Co. agreed in July to acquire Carrizo Oil & Gas in an all-stock transaction worth roughly $3.2 billion.)

Highlights:

  • 11,184.1672 Net Non-Producing Leasehold Acres
    • 100% of Oil and Gas Leases (Delivering 80.00% to 75.00%)
    • 1,752.34 Net State Leasehold Acres
    • Three- and Five-Year Terms
  • 18 Active Offset Permits (12 Horizontal Wolfcamp)
  • 58 Offset Producers
  • Offset Operators include Apache Corp., Cinnabar Operating LLC, Concho Resources Inc. and Luxe Operating LLC

The transaction is expected to have a Sept. 1 effective date, according to EnergyNet.

Bids are due by 4 p.m. CDT Sept. 11. For complete due diligence information energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

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