Marketed: Permian Basin Royalty Interest In Concho-Operated Wells

Transaction Type
Sellers
Marketers
Basin
Permian Basin
Field
Wolfcamp
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description

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

Caddo Minerals Inc. retained EnergyNet for the sale of Permian Basin assets in West Texas through a sealed-bid offering closing June 27.

The offer comprises royalty interest in producing horizontal Wolfcamp Shale wells operated by an affiliate of Concho Resources Inc. The assets are located in Reeves County, Texas.

Highlights:

  • 10.60 Producing Net Mineral Acreage:
    • 0.181637% Royalty Interest in Four Producing Horizontal Wolfcamp Wells
    • One Drilled Uncompleted Well - Scheduled to Come Online in June 2019
    • Two Permitted Horizontal Wells
  • Six-Month Average 8/8ths Production: 2,549 barrels per day of Oil and 6.243 million cubic feet per day of Gas
  • Eight-Month Average Net Income: $7,878 per Month
  • Operator: COG Operating LLC

Bids are due by 4 p.m. CDT June 27. For complete due diligence information energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

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