Marketed: Earthstone Energy Operated Eastern Midland Basin 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.

Earthstone Energy Inc. retained Detring Energy Advisors to market for sale its oil and gas leasehold, producing properties and related assets concentrated in the eastern Midland Basin.

The assets offer comprises a large, operated, contiguous and fully HBP Permian footprint producing 940 boe/d (roughly 70% liquids) and $13 million of operating cash flow plus a consistent workover program offering continued low-cost production maintenance and 29 identified, near-term horizontal locations targeting the Wolfcamp A.

Process Summary:

  • Evaluation materials are available via the Virtual Data Room on Aug. 17
  • Bids are due on Sept. 21

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

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