Marketed: ConocoPhillips Chittim Ranch Waterflood, Maverick County, Texas

Transaction Type
Sellers
Marketers
Basin
South Texas
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
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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.

ConocoPhillips Co. retained Detring Energy Advisors to market for sale its Chittim Ranch waterflood properties located in Maverick County, Texas.

The assets offer an attractive opportunity, Detring said, to acquire an oil-weighted production base generating about 550 boe/d (roughly 99% oil) on a consistently low decline producing from the San Miguel reservoir with significant, stable cash flow providing reliable, long-term returns on investment. Additionally, the offering includes multiple opportunities for historically demonstrated field optimization and development to unlock additional production, reserves and cash flow.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on June 23
  • Proposals due on July 28 

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

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