Marketed: MECO Pecos County Working Interest, ORRI

Transaction Type
Sellers
Marketers
Basin
Permian Basin
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.

MECO IV LLC retained PetroDivest Advisors to market for sale its oil and gas producing properties, leasehold, and overriding royalty interest (ORRI) in Pecos County, Texas.

The assets include legacy, vertical, operated production from Delaware Mountain Group reservoirs in addition to cost-free royalty interest in adjacent horizontal wells targeting Lower Avalon, Wolfcamp and Bone Spring reservoirs generating a resilient, high-margin cash flow stream from a diversified product mix on steady decline with further potential through behind-pipe and horizontal development.

Process Summary:

  • The assets are being offered in two distinct packages:
    • Working Interest: leasehold and 49 wells, primarily operated
    • ORRI: Royalty interest in eight Kriti C3-6-7 Unit wells
    • Proposals must be submitted by package
  • Evaluation materials available via the Virtual Data Room on Nov. 3
  • Proposals due on Dec. 1

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

Related Content