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.

Miramar Minerals LP has retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of its minerals located in the Delaware Basin in Ward County, Texas.

Highlights:

  • 232 Net Royalty Acres across an undivided interest in Section 131, Block 34
    • 100% operated by Callon Petroleum Co.
    • Three drilling spacing units
  • Flush production and cash flow from five horizontal proved developed producing wells completed between January and February
  • Significant near-term development:
    • Six drilled but uncompleted wells remaining to be completed
    • Two active Callon rigs on position
  • Next 12-month cash flow: about $2.4 million
Marketed: Delaware Basin Minerals, Operated By Callon Petroleum

Bids are due by March 26. Virtual data room is open. The transaction is expected to have a Feb. 1 effective date.

For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-420-2338.

Onshore