Marketed: Midland Basin Operated Assets in Borden County, Texas

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 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 a private seller to divest certain operated assets in the Midland Basin in Borden County, Texas.

The assets are producing about 65 gross bbl/d of oil, with a roughly 80% oil cut, and a next 12-month cash flow projected at $855,000. This is a low cost, shallow horizontal oil carbonate play, with a shallow 10% annual production decline from the Mississippian formation, according to Eagle River. The DSU offsets the largest Mississippian Chert Field in the Permian Basin and has 11 potential horizontal drilling locations in the Mississippian, Wolfcamp and Spraberry formations, the firm added.

Bids are due at 4 p.m. MT on Aug. 5. The sale is expected to have a July 1 effective date.

A virtual data room will be available starting July 7. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.

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