Marketed: Permian Basin Leasehold, Loving County, Texas

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

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

Advance Energy Partners LLC retained EnergyNet for the sale of Permian Basin leasehold through a sealed-bid offering closing Aug. 21.

The offer comprises of leasehold acreage in Loving County, Texas, offset by horizontal wells producing from the Bone Spring and Wolfcamp shale formations.

Highlights:

  • 266.0700229 Net Leasehold Acres
    • 100% of Oil and Gas Leases (Delivering 75.00% Net Revenue Interest)
    • 126.1944063 Net Acres in Two-Year Extension
  • 16 Active Offset Rigs
  • 484 Active Offset Permits
    • 145 Active | 31 Completed | 97 Drilled/Drilling | 211 Permitted
  • 328 Horizontal Offset Producers
    • 76 Bone Spring |15 Delaware | 232 Wolfcamp
  • Select Area Operators: Ameredev LLC, Concho Resources Inc., EOG Resources Inc., Exxon Mobil Corp. and WPX Energy Inc.

Bids are due by 4 p.m. CDT Aug. 21. For complete due diligence information energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

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