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.
![Colgate Energy Delaware Basin ORRIs Asset Map (Source: RedOaks Energy Advisors LLC)](/sites/default/files/inline-images/Colgate%20Energy%20Delaware%20Basin%20ORRIs%20Asset%20Map%20Source%20RedOaks%20Energy%20Advisors%20LLC.png)
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
Safety First, Efficiency Follows: Unconventional Completions Go Automated
2024-07-18 - The unconventional completions sector has seen a tremendous growth in daily stage capacity and operation efficiencies, primarily driven by process and product innovations in the plug and perf space.
TGS Awarded Ocean Bottom Node Data Acquisition Contract in North America
2024-07-17 - The six-month contract was granted by a returning client for TGS to back up the client’s seismic data capabilities for informed decision making.
ProFrac, IWS Taking the Garbage Out of Oilfield Data Transfer
2024-07-16 - ProFrac and Intelligent Wellhead Systems’ MQTT protocol promises to speed up communications at the frac site, not only by saving costs but laying the foundation for future technological innovations and efficiencies in the field, the companies tell Hart Energy.
Honeywell Bags Air Products’ LNG Process, Equipment Business for $1.8B
2024-07-10 - Honeywell is growing its energy transition services offerings with the acquisition of Air Products’ LNG process technology and equipment business for $1.81 billion.
Give Us a Signal: Tech Firm Ups E&P Coverage in Remote Plays
2024-07-02 - As E&Ps struggle to transmit information over public networks in out-of-the-way oil and gas basins, tech firm Digi is working to improve its reception.