Marketed: Alamo Resources Nonoperated Gulf of Mexico Assets

Transaction Type
Basin
US Gulf Of Mexico Shelf
Field
Main Pass Field 41
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
0MM
Description

The following information is provided by PetroDivest Advisors. All inquiries on the following listings should be directed to PetroDivest. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Alamo-Palace MP 59 LLC retained PetroDivest Advisors to market for sale its Gulf of Mexico Shelf assets located in Block 59 of the Main Pass protraction area.

The assets offer an opportunity to acquire a roughly 60% nonoperated working interest in a prolific legacy field operated by a well-capitalized, active operator plus an oil-weighted, low-decline production base generating substantial cash flow. Additionally, PetroDivest said the assets include highly-attractive new drill, recompletion and production-optimization opportunities and high-integrity, recently upgraded facilities with minimal abandonment liability.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on Sept. 1
  • Proposals due on Oct. 6

Alamo anticipates PSA execution by mid-October and closing by late November. 

For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

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