Detring Energy Advisors, core, Midland Basin, Permian, West Texas, minerals, royalties, marketed, on the market, sale, horizontal drilling, fracking, Pioneer Natural Resources, Parsley Energy, Laredo Petroleum

A private seller is offering interests in more than 7,000 royalty acres in the heart of the Midland Basin.

The offer includes its oil and gas mineral and royalty assets located throughout the core of the Midland Basin with substantial on-lease horizontal activity, according to Detring Energy Advisors, which is the seller’s exclusive adviser for the transaction.

Detring Energy Advisors, location map, Midland Basin, Permian, Texas

Top operators include Pioneer Natural Resources Co. (NYSE: PXD), Parsley Energy Inc. (NYSE: PE) and Laredo Petroleum Inc. (NYSE: LPI), Detring said.

Highlights:

  • 7,250 net royalty acres (about 94% HBP);
    • About 97% minerals;
  • Diversified position provides access to multiple operators;
  • 225 producing wells;
  • 148 drilled but uncompleted wells;
  • 218 outstanding permits; and
  • 18 rigs running.

Bids are due Feb. 22. Evaluation materials will be available Jan. 25.

For information visit detring.com or contact Melinda Faust, director for Detring, at 713-907-2003.