Marketed: Winfield Resources Horizontal Marcellus Wellbore Opportunity

Transaction Type
Sellers
Marketers
Basin
Appalachian Basin; Marcellus Shale
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.

Winfield Resources LLC is offering for sale its horizontal Marcellus wellbore-only interests in Pennsylvania’s Butler and Armstrong counties in two sub-packages: nonop working interest and minerals/royalties.

According to Detring Energy Advisors LLC, which Winfield retained to market the packages, the assets offer an attractive opportunity to acquire (i) high-margin cash flow with net revenue interest greater than working interest (including royalties), (ii) a well-distributed value position minimizing concentration risk; (iii) established production history enabling high-confidence forecasts; (iv) well-maintained properties which constitute about 40% of the operator’s, PennEnergy Resources LLC, gross production; and (v) fully developed pads with negligible risk of “frack hits” from future drilling activity.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on Nov. 16
  • Proposals due on Jan. 6

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

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