Marketed: Ventana Partners Nonoperated Delaware Basin Properties

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
0MM
Description

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

Ventana Partners LP retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of nonoperated properties located primarily in the Delaware Basin.

The offer includes interest in Permian Basin assets operated by EOG Resources Inc. and Occidental Petroleum Corp. RedOaks said that other nonoperated conventional assets are also included in the package.

Highlights:

  • Lea County, N.M. – Three EOG Operated Units
    • 3,200 gross acres    
    • Ventana owns:  about 1% average Working Interest
    • 24 Horizontal Proved Developed Producing (PDP) wells
    • Near term development:
      • Two drilled but uncompleted wells (DUCs)
      • Five Permits
  • Lea County, N.M. – Occidental Petroleum Foxglove Unit
    • About 3.2% Overriding Royalty Interest
    • 600 gross acres
    • Four Horizontal PDP wells

Bids are due April 18. For information visit redoaksenergyadvisors.com or contact David Carter, managing director of RedOaks, at David.Carter@redoaksadvisors.com or 214-420-2334.