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.

Starboard Permian Resources LLC and Max Permian LLC retained RedOaks Energy Advisors LLC as the exclusive adviser in connection with the sale of certain leasehold in New Mexico’s Lea County within the Northern Delaware Basin.

Highlights:

  • 599 net acres in the Northern Delaware Basin
  • No near-term expirations (June 2023 earliest expiration)
  • 12 existing APDs in place
  • 7 active rigs running immediately offset position
  • Opportunity for operational control in certain DSUs
  • 42 quantified drilling locations
    • Average IRR per well: 55%
    • Average EUR per well: 1.3 MMboe (83% oil)
RedOaks Energy Advisors Marketed Map - Starboard Permian Resources LLC and Max Permian LLC Northern Delaware Basin Leasehold Divestiture

Bids are due April 29. The transaction is expected to have a May 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.

Comments