Marketed: Verado Energy, Partners Permian Basin Operated Horizontal Development Opportunity

Transaction Type
Sellers
Marketers
Basin
Permian Basin
Announce Date
Post Date
Close Date
Estimated Price
MM
Description

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

Verado Energy Inc. and partners retained Core Energy Advisors as their exclusive adviser for the sale of operated properties located within the Permian Basin in the Hermleigh East Field of Scurry County, Texas. The vast majority of production is from the horizontally developed Strawn Sand reservoir. The sellers’ acreage is located within the thickest portion of the Strawn reservoir. The PUDs in the sellers’ package have excellent log coverage and 360-degree type curve coverage, according to Core Energy.

Process Summary:

Offers will be due July 27. To obtain the expected price range, contact Harrison Williams, managing principal, at Hwilliams@coreenergyadvisors.com or 713-962-1400. To obtain access to a virtual data room, contact Williams or Powers Ramsey, at Pramsey@coreenergyadvisors.com or 214-219-8208, for an NDA.

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