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)
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.
Recommended Reading
Appalachia, Haynesville Minerals M&A Heats Up as NatGas Prices Rise
2025-04-03 - Several large Appalachia and Haynesville minerals and royalties packages are expected to hit the market as buyer interest grows for U.S. natural gas.
NOG Spends $67MM on Midland Bolt-On, Ground Game M&A
2025-02-13 - Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.
Nabors SPAC, e2Companies $1B Merger to Take On-Site Powergen Public
2025-02-12 - Nabors Industries’ blank check company will merge with e2Companies at a time when oilfield service companies are increasingly seeking on-site power solutions for E&Ps in the oil patch.
Report: Diamondback in Talks to Buy Double Eagle IV for ~$5B
2025-02-14 - Diamondback Energy is reportedly in talks to potentially buy fellow Permian producer Double Eagle IV. A deal could be valued at over $5 billion.
Ring Energy Closes Central Basin Platform M&A from Lime Rock
2025-04-01 - Ring Energy added 17,700 net acres and 2,300 boe/d of production in the Central Basin Platform through an acquisition from Lime Rock Resources IV.
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.