Marketed: Ridgefield Energy Partners Delaware Basin Nonop, Minerals
The following information is provided by Detring Energy Advisors LLC. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Ridgefield Energy Partners LLC retained Detring Energy Advisors to market for sale its oil and gas nonoperated working interest and mineral and royalty interest concentrated in the core of the Delaware Basin.
The assets offer an opportunity, according to Detring, to acquire exposure to best-in-class, well-capitalized operators focusing significant horizontal activity on Ridgefield’s footprint plus robust near-term PDP cash flow with imminent growth driven by significant DUC/permit inventory. Detring added that the offering also includes substantial undeveloped inventory across multiple highly-economic Bone Spring and Wolfcamp horizons.
Ridgefield anticipates selling the asset packages separately, but is open to selling the assets on a combined basis.
Process Summary:
- Ridgefield anticipates divesting the assets in two separate transactions
- Evaluation materials available via the Virtual Data Room on Aug. 18
- Proposals due on Sept. 15
For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.