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
Optimizing Direct Air Capture Similar to Recovering Spilled Wine
2024-09-20 - Direct air capture technologies are technically and financially challenging, but efforts are underway to change that.
Carbon Removal Company Equatic Appoints New CEO
2024-11-18 - Equatic appointed a new CEO in preparation to launch the world’s largest ocean-based carbon removal plant.
OMS Energy Files for IPO, Reports Revenue Growth
2024-11-06 - Singapore-based OMS Energy, a wellhead system manufacturer, has not yet determined its price range and number of shares.
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
2024-10-22 - SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
After BKV’s IPO, Is Market Open to More Public SMID Caps?
2024-10-03 - The market for new E&P and energy IPOs has been tepid since the COVID-19 pandemic. But investor appetite is growing for new small- and mid-sized energy IPOs, says Citigroup Managing Director Dylan Tornay.