Marketed: White Rock Oil & Gas Midland Basin Development

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Midland Basin
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

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

White Rock Oil & Gas retained PetroDivest Advisors to market for sale its oil and gas properties, leasehold and related assets in Dawson County, Texas.

The assets comprise of a fully operated, 100% HBP position with low-decline, 100% oil production including highly economic Middle Spraberry (MSS) locations demonstrated by analogous results and supported by nearby offset activity, according to PetroDivest. Additionally, the offering includes potential in the Lower Spraberry (LSS) and Dean formations providing additional near-term development targets.      

Process Summary:

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

PetroDivest anticipates purchase and sale agreement execution by mid-August and closing by September. For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

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