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.

North One Energy LP has retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain operated, nonoperated, overriding royalty interest (ORRI) and saltwater disposal (SWD) properties located in the Permian Basin.

Highlights:

  • Position focused along the Culberson / Reeves County, Texas border
    • Producing Formations: Upper and Lower Cherry Canyon
    • NO DEEP RIGHTS AVAILABLE
  • Projected April 2022 net production: 109 bbl/d of oil | 137 Mcf/d of gas
  • 44 operated vertical wells
  • Projected next 12-month PDP net cash flow:  $2.4 MM
  • Total PDP PV-10: $5.7 million (70% operated)
  • Two commercial SWDs with 17,000 bbl/d of water available capacity (PV-10: $7.7 million)
RedOaks Energy Advisors Marketed Map - North One Energy Permian Basin Divestiture
(Source: RedOaks Energy Advisors LLC)

North One will accept non-conforming offers for the SWD wells, according to RedOaks.

Bids are due April 6. The transaction is expected to have an effective date of April 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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