Marketed: Midland Basin Howard County Mineral, Royalty Interests

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Midland Basin; Wolfcamp / Spraberry
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.

A private seller retained PetroDivest Advisors as the exclusive adviser in connection with the offering for sale of its oil and gas mineral and royalty interests in Howard County, Texas, of the Midland Basin.

The assets offer an attractive opportunity, PetroDivest said, to acquire a concentrated position with access to multiple benches across the prolific Wolfcamp and Spraberry horizons with exposure to premier operators drilling extended laterals utilizing next-gen completion techniques plus substantial near-term cash flow from 44 horizontal PDP and 21 horizontal DUCs/permits. 

Process Summary:

  • Evaluation materials available via the Virtual Data Room on May 26
  • Offers due on June 23

PetroDivest anticipates the sign and close occurring by July 30. For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

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