Marketed: Colgate Energy Delaware Basin ORRIs

Transaction Type
Sellers
Marketers
Basin
Permian/Delaware Basin
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

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

Colgate Energy LLC retained RedOaks Energy Advisors LLC for the sale of certain overriding royalty interests (ORRIs) in the Delaware Basin in an offering closing Sept. 26.

Highlights:

  • 643 Net Royalty Acres along the Pecos River
    • 478 Net Royalty Acres: Reeves County
    • 165 Net Royalty Acres: Ward County
  • 18 horizontal producers
  • Near-term upside:  six drilled buy uncompleted wells
  • 267 quantified upside drilling locations
  • Operators:  Diamondback Energy Inc., Occidental Petroleum Corp. and Callon Petroleum Co.

Bids are due by noon CST Sept. 26. For information visit redoaksenergyadvisors.com or contact David Carter, managing director of RedOaks, at David.Carter@redoaksadvisors.com or 214-420-2334.

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