Marketed: Tristates Upstream and Gathering Divestment Acquisition Opportunity

Transaction Type
Sellers
Marketers
Basin
Rockies; Midcontinent
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.

Foundation Energy Management LLC retained Detring Energy Advisors LLC to market for sale its upstream and midstream oil and gas assets across Colorado, Kansas and Nebraska.

The assets—comprising robust and predictable cash flow from shallow-decline production with healthy margins—are located in Colorado’s Yuma, Washington, Phillips and Lincoln counties, Kansas’ Cheyenne and Sherman counties and Nebraska’s Chase and Dundy counties.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on June 30
  • Proposals due on July 28

Foundation will entertain bids on either or both upstream and midstream asset packages. The seller anticipates executing a purchase and sale agreement by late August and closing by mid-October, Detring said.

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

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