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.
Colgate Energy LLC retained RedOaks Energy Advisors LLC for the sale of certain overriding royalty interests (ORRIs) in the Delaware Basin in an offering closing Sept. 26.
Highlights:
- 643 Net Royalty Acres along the Pecos River
- 478 Net Royalty Acres: Reeves County
- 165 Net Royalty Acres: Ward County
- 18 horizontal producers
- Near-term upside: six drilled buy uncompleted wells
- 267 quantified upside drilling locations
- Operators: Diamondback Energy Inc., Occidental Petroleum Corp. and Callon Petroleum Co.
Bids are due by noon CST Sept. 26. For information visit redoaksenergyadvisors.com or contact David Carter, managing director of RedOaks, at David.Carter@redoaksadvisors.com or 214-420-2334.
Recommended Reading
Segrist: The Keystone for Trump?
2024-12-23 - President-elect Donald Trump talks about reviving the famously controversial Keystone XL Pipeline while threatening tariffs on the nation where it originates
Canada’s Completed TMX Pulling Crude Off of American-bound Pipelines
2024-11-04 - Trans Mountain completed work on the company’s namesake pipeline expansion on May 1. It was the end of a difficult and controversial pipeline project that started development in the 2010s under Kinder Morgan.
Sable Offshore Plans Restart of Subsea Pipeline After 2015 Shutdown
2024-10-08 - Sable Offshore Corp. says the permits needed to begin operations on the Santa Ynez line offshore California, which shut down due to an oil leak in 2015, are not yet in place.
Matterhorn NatGas Pipeline Ramps Up Faster Than Expected
2024-10-22 - The Matterhorn Express natural gas pipeline has exceeded expectations since its ramp up on Oct. 1 for deliveries to interstate systems owned by Kinder Morgan, Williams and Enbridge.
Vivakor Expands Crude Gathering Network in Oklahoma STACK
2024-11-25 - Midstream company Vivakor is building its network following the October acquisition of Endeavor Crude.