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.
A private seller has retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of its Eagle Ford overriding royalty interest (ORRI) position located in Dimmit County, Texas.
Highlights:
- 713 Net Royalty Acres (normalized to 1/8th royalty)
- 0.625% ORRI across 14,520 gross acres
- 100 horizontal producers
- Significant near-term development: Eight drilled but uncompleted wells (DUCs) and Four Permits
- Average Nine spuds per year since 2018 (Five in 2020)
- One Operator: Protégé Energy III
Bids are due March 3. 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.
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