Marketed: Chevron Delaware Basin Working Interest, ORRI

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.

Chevron U.S.A. Inc. retained Detring Energy Advisors to market for sale about 10,200 net acres of operated working interest leasehold and 7,300 net royalty acres of underlying overriding royalty interests (ORRI) located in the core of the prolific southern Delaware Basin in Ward and Winkler counties, Texas.

The contiguous high net revenue interest position allows an oil-weighted pad development program across multiple de-risked benches, according to Detring. The assets include five DUC locations forecast to achieve payout in under six months and 95 modestly-spaced Wolfcamp A and 3rd Bone Spring undeveloped locations.

The assets are being offered in two distinct packages: operated working interest (leasehold at 25% royalty burden) and ORRI (remaining Net Revenue Interest >75%). 

Process Summary:

  • Evaluation materials available via the Virtual Data Room on Sept. 13
  • Proposals due on Oct. 13
  • Proposals must be allocated by package (operated working interest and ORRI)

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

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