Marketed: North One Energy Permian Basin Divestiture

Transaction Type
Sellers
Marketers
Basin
Permian Basin
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
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Description

The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

North One Energy LP has retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain operated, nonoperated, overriding royalty interest (ORRI) and saltwater disposal (SWD) properties located in the Permian Basin. The position includes 44 operated vertical wells and is focused along the Culberson / Reeves County border in West Texas. Producing formations include the Upper and Lower Cherry Canyon and has projected April net production of 109 bbl/d of oil and 137 Mcf/d of gas.

North One will accept non-conforming offers for the SWD wells, according to RedOaks.

Bids are due April 6. The transaction is expected to have an effective date of April 1. A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.

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