The following information is provided by RedOaks Energy Advisors. All inquiries on the following listings should be directed to RedOaks Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Providence Energy Partners III LP retained RedOaks Energy Advisors for the sale of certain non-operated working interest properties located in the Permian Basin. With 954 net acres in the core of the Delaware and Midland basins, the opportunity has an established production base from 92 horizontal producers generating strong cash flow.

Marketed
Map of Providence's marketed assets in the Delaware Basin. (Source: RedOaks Energy Advisors)

Key Considerations

  • Core Delaware / Midland Basin non-operated working interest portfolio
    • 954 net acres | 26 DSUs
  • Established production base from 92 horizontal producers generates strong cash flow
    • NTM CF: $5.6MM
    • Current PDP net production: 1,042 Boepd
  • Partnered with Permian-focused operators
    • Majority operated by OXY, Coterra and CPX | OXY running a rig on position
  • Strong economics across stacked targets
    • Operators exploiting 5 benches with 120+ undeveloped locations

Bids are due at noon CST on Nov. 19. For complete due diligence information, please visit redoaksenergyadvisors.com or email David Carter, partner, at david.carter@redoaksadvisors.com.

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