Marketed: Ridge Runner Resources Northern Delaware Nonop Opportunity

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

Ridge Runner Resources LLC retained Detring Energy Advisors to market for sale its oil and gas leasehold and related interests located in the Northern Delaware Basin of the Permian in New Mexico’s Eddy County.

The assets offer an attractive opportunity, Detring said, to acquire a joint venture nonoperated partnership with Matador Resources, a premier Delaware-focused operator with an oil-weighted production base bearing a PDP PV-10 of $6.3 million plus line-of-sight to near-term development bearing capex carry for the next 35 drilled wells and (iv) a substantial inventory of over 200 highly economic locations targeting the prolific Wolfcamp and Bone Spring formations.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on March 9
  • Proposals due on April 6

For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.

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