Resonance Resources LLC

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Delaware Basin
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.

Resonance Resources LLC has retained PetroDivest Advisors to market for sale its Delaware Basin leasehold located in Lea County, N.M.

The assets offer an attractive opportunity to acquire about 3,450 net acres with substantial remaining term and attractive development potential across multiple Bone Spring horizons.

Asset Highlights:

  • 3,446 Net Acres
    • Contiguous footprint allows for extended-reach laterals across multiple development targets
    • Significant remaining term and forced pooling provide optionality on development timing
    • Low royalty boosts well economics (average 77% NRI)
  • Substantial Bone Spring Stacked Pay Opportunity
    • Acreage strategically located to target Bone Spring development moving north and east in Lea County
    • Acreage offsets recent, robust results in the Third Bone Spring and is on-strike with high-performing Second Bone Spring wells to the west and south

Process Overview:

  • Evaluation materials available via the Virtual Data Room on Aug. 27
  • Proposals due on Sept. 26