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.
Forge Interests LP is offering for sale its oil and gas overriding royalty interests (ORRI) located in the active core of the southern Delaware Basin.
Detring Energy Advisors, retained to handle the transaction, said the Forge assets offer an opportunity to acquire roughly 1,500 net royalty acres of concentrated exposure to a premier and focused operator in Percussion Petroleum, which is currently running a two-to-three rig program across their footprint as they hold their University Lands leasehold position subject to continuous development. Additionally, the offering includes significant near-term cash flow garnered from 26 PDP and 28 permits; and 175+ highly-economic development locations targeting four de-risked benches across the Wolfcamp and Bone Spring formations.
Bids are due Oct. 19. Forge anticipates PSA execution by mid-November and closing by late December. A virtual data room is available. For information visit detring.com or contact Melinda Faust at email@example.com or 512-296-4653.