The following information is provided by Eagle River Energy Advisors LLC. All inquiries on the following listings should be directed to Eagle River. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Eagle River Energy Advisors LLC has been exclusively retained by Max Permian LLC to divest certain nonoperated working interests in the Delaware Basin of New Mexico.
The assets provide the opportunity to invest a significant amount of capex in an active development program targeting the Bone Spring and Wolfcamp formations with single well IRRs exceeding 100%.
In addition to six PDP wells and 19 near-term locations (six DUCs and 13 permitted locations), there are 46 additional undeveloped locations that provide a significant inventory of future capital investment opportunities, according to Eagle River. The assets are operated by Ameredev, Franklin Mountain and Matador, all extremely active operators in the Delaware Basin, the firm added.
Bids for the acquisition opportunity with Max Permian LLC referenced are due at 4 p.m. CT on May 25. The transaction effective date is June 1.
A virtual data room will be available starting April 29. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or firstname.lastname@example.org.