Marketed: Gary Permian Delaware Basin Development, Pecos County, Texas

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 PetroDivest Advisors. All inquiries on the following listings should be directed to PetroDivest. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Gary Permian LLC retained PetroDivest Advisors to market for sale its oil and gas properties, leasehold and related assets in Pecos County, Texas.

The assets comprise about 5,600 net acres in the southern Delaware Basin arranged in development-ready blocks with significant water infrastructure and substantial net cash flow of roughly $4 million next 12-month and net production of 300 boe/d from four producing wells. Additionally, PetroDivest said the package also includes highly economic Wolfcamp results with 120-plus locations ready for imminent development.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on July 20
  • Bids due on Aug. 24

Gary Permian anticipates PSA execution by early September and closing by October. 

For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

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