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 and leasehold in the Delaware Basin in New Mexico’s Eddy and Lea County.
Offers will be accepted on a per area basis.
Highlights:
- Area 1: Devon – Parkway West Unit (365 net acres)
- 68 producing horizontal wells
- Next 12-Month PDP cash flow: $3.8 million (Working Interest: 9.5%; Net Revenue Interest: 8.2%)
- PDP PV-10: $12.6 million
- Area 2: EOG – Gladiator Unit (80 net acres)
- 0.5% Overriding Royalty Interest in One PDP well
- Two permits filed targeting 3rd Bone Spring (Working Interest: 25%; Net Revenue Interest: 19%)
- PDP and Permit PV-10: $6.9 million
- Area 3: Blackbeard – Undeveloped Leasehold
- 1,554 net acres with operational control of three potential DSUs
- No near-term expirations
- 75 quantified upside locations
Bids are due by Aug. 12. The transaction is expected to have an Aug. 1 effective date.
A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.
Recommended Reading
Oxy, Looking to Cut Debt, Sells D-J Minerals to Elk for $905MM
2025-03-21 - Elk Range Royalties bought 250,000 net royalty acres in the Denver-Julesburg Basin for $905 million from Occidental Petroleum, which is looking to shed debt after last year's acquisition of CrownRock.
UK Gas Producer Energean Terminates Carlyle Deal Over Approval Delays
2025-03-21 - The company said that the two parties were unable to agree on an extension of the long-stop date beyond March 20 to meet the conditions of the agreement.
Voyager Midstream Closes on Panola Pipeline Interest Deal
2025-03-19 - Pearl Energy Investments portfolio company Voyager Midstream Holdings has closed on its deal with Phillips 66 for its non-op interest in the Panola Pipeline.
Vitol Boosts Upstream Presence in West Africa with $1.65B Deal
2025-03-19 - Vitol is acquiring oil and gas E&P assets in Cote d’Ivoire and the Republic of Congo from Eni for $1.65 billion.
Apollo Buys Majority Stake in OEG Energy Group
2025-03-19 - Funds managed by affiliates of Apollo Global Management Inc. are acquiring a majority stake in OEG Energy Group from Oaktree Capital Management LP.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.