The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
An affiliate of Carrizo Oil & Gas Inc. retained EnergyNet for the sale of non-producing Permian leasehold in Reeves County, Texas, through a sealed-bid offering closing Sept. 26.
Highlights:
- Section 15, Block 53, PSL Survey, A-5099
- 640.00 Gross / 320.00 Net Non-Producing Leasehold Acres
- 100% of Oil and Gas Leases (Delivering 75.00% Net Revenue Interest)
- Four Offset Rigs
- 257 Active Offset Permits
- 127 Active | Five Completed | 61 Drilled/Drilling | 64 Permitted
- 308 Active Horizintal Wolfcamp Offset Producers
- Select Area Operators include Apache Corp., Cimarex Energy Co., EOG Resources Inc. and Occidental Petroleum Corp.
![Carrizo Non-Producing Permian Leasehold, Reeves County, Texas Asset Map (Source: EnergyNet)](/sites/default/files/inline-images/Carrizo%20Non-Producing%20Permian%20Leasehold%20Reeves%20County%20Texas%20Source%20EnergyNet.png)
Bids are due by 4 p.m. CDT Sept. 26. For complete due diligence information energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
2025-01-29 - Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
In Busy Minerals M&A Year, Freehold Grabs $152MM Midland Interests
2024-12-10 - Canadian player Freehold Royalties is getting deeper in the Permian with a CA$216 million (US$152 million) Midland Basin acquisition as minerals buyers intensify M&A in the basin.
Surge Energy Balancing M&A Hunt with Testing Midland’s Shallow Zones
2024-12-05 - Surge Energy’s Travis Guidry discusses the potential for $1.3 billion in Permian Basin M&A and the company’s quest to grow inventory organically.
Diversified to Acquire Maverick, Enter Permian Basin in $1.3B Deal
2025-01-27 - Diversified Energy will acquire EIG’s Maverick Natural Resources, adding acreage that offsets Diversified’s core Western Anadarko position and Permian Basin assets in the northern Delaware.
M&A Target Double Eagle Ups Midland Oil Output 114% YOY
2025-01-27 - Double Eagle IV ramped up oil and gas production to more than 120,000 boe/d in November 2024, Texas data shows. The E&P is one of the most attractive private equity-backed M&A targets left in the Permian Basin.