Marketed: EnCore Permian Operated Delaware Basin Position

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

EnCore Permian is offering for sale its Colt 45 State Unit oil and gas assets located in western Reeves and Culberson counties, Texas, within the Delaware Basin. The company retained Barclays as its exclusive financial adviser in connection with the transaction.

The offering includes a contiguous operated acreage position covering about 7,700 net acres with 100% working interest plus current net production of 6,300 boe/d. Additionally, the asset is primed for full field development, according to Barclays, with a large inventory of longer lateral locations targeting the Wolfcamp A and Wolfcamp B with additional upside in the Wolfcamp C.

On behalf of EnCore, Barclays is reaching out to a select group of potential buyers with respect to EnCore’s operated position in the Delaware. Preliminary indications will be due mid- to late September.

A virtual data room is available. All communication or inquiries related to the sales process must be directed to Barclays representatives. Primary Barclays contacts for the transaction are Associate Johnny Gragg, Johnny.Gragg@Barclays.com, and Analyst Elizabeth Owen, Elizabeth.Owen@Barclays.com.