Marketed: Platform Minerals Delaware Basin Royalty Properties

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
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.

Platform Minerals LLC retained RedOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of its Delaware Basin royalty properties across New Mexico’s Eddy and Lea counties plus Reeves, Ward, Loving and Pecos counties in West Texas. The offering includes 839 net royalty acres and 108 PDP horizontal producers with projected next 12-month cash flow of $1 million. Primary operators include Mewbourne Oil Co., EOG Resources Inc. and Occidental Petroleum Corp.

Bids are due on Aug. 4. The transaction is expected to have a July 1 effective date.

A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.

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