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.
A private seller has retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain nonoperated working interest properties located in the Midland Basin.
The offering comprises a significant acreage footprint with strong near-term cash flow, RedOaks said. The working interest is concentrated in Howard, Reagan and Upton counties, Texas. Primary operators include SM Energy Co. and an affiliate of Houston-based Riverbend Energy Group.
Bids are due on Feb. 24. The transaction is expected to have a Feb. 1 effective date.