Marketed: White Rock Oil & Gas Northern Midland Basin Waterflood Properties

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 Welch Unit waterflood properties in the northern Midland Baisn of the Permian in Dawson and Terry counties, Texas. The assets offer an attractive opportunity, PetroDivest said, to acquire strong, low-decline, and oil-weighted net production and cash flow, about 4,700 operated net acres with interest in 161 producers and injectors, and multiple identified opportunities for field redevelopment and waterflood optimization to unlock additional production, reserves and cash flow.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on May 11
  • Bids are due on June 9

For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

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