Marketed: ‘Underexploited’ Asset within Chevron’s Permian Basin Portfolio

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Central Basin Platform
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.

Chevron U.S.A. Inc. retained Detring Energy Advisors to market for sale certain of its oil and gas producing properties, leasehold and related assets located on the western slope of the Central Basin Platform in Winkler County, Texas.

The assets include meaningful low-decline, high-margin production, according to Detring, generating roughly $2.1 million of annual cash flow and a high working interest, fully HBP, operated footprint with upside potential consisting of recompletions, infill development drilling, prospective horizontal horizons and operational efficiency improvements.

Process Summary 

  • Evaluation materials available via the Virtual Data Room on Oct. 27
  • Proposals due on Nov. 22

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

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