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.
Tessara Petroleum Resources LLC and a private seller have retained RedOaks Energy Advisors as their exclusive adviser in connection with the sale of nonoperated working interest and overriding royalty interest (ORRI) properties located in Loving County, Texas, and New Mexico’s Lea County of the Delaware Basin.
Highlights:
Loving County, Texas
Operator: EOG Resources Inc.
- Nonop Working Interest: 64 Net Acres in Section 9 Block 54
- Depth Ownership: Multiple Wolfcamp benches
- Nine Producing Horizontals
- ORRI: 2.4% ORRI in Section 9 Block 54
- Depth Ownership: Multiple Bone Spring benches
- 16 Producing Horizontals
Lea County, New Mexico
- ORRI in multiple sections across T24S, R33E
- Operators: EOG, Tap Rock Resources, Matador Resources Co., ConocoPhillips Co.
- 90 Producing Horizontals
Combined
- PDP PV-10: $7.3 million
- Projected Next 12-month PDP Cash Flow: $2.9 million
Bids are due April 7. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.
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