The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Blackbeard Operating LLC retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain nonoperated working interest properties located in the Delaware Basin.
Key Considerations:
- Nonoperated working interest package located in Devon’s Parkway West Unit, Eddy County, New Mexico
- 67 horizontal producers
- Average Working Interest/Net Revenue Interest: 9.5%/8.2%
- Wells targeting the 1st, 2nd, and 3rd Bone Spring
- Next 12-month PDP Cash Flow: $4.7 million
- PDP PV-10: $17.0 million
- All appropriate infrastructure and favorable marketing agreement in place
Bids are due Sept. 14. The transaction is expected to have an effective date of Oct. 1.
A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.
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