U.S. Energy Development Corp.
Transaction Type
Sellers
Marketers
Basin
Permian Basin; Delaware Basin
Post Date
Close Date
Room Opening Date
Estimated Price
0MM
Description
U.S. Energy Development Corp. retained Detring Energy Advisors to sell its core Delaware Basin leasehold and related assets located in Lea and Eddy counties, N.M. The asset includes 1,946 net acres (100% HBP), of which 23% is operated and 77% is nonoperated, with 220 boe/d net production and a projected $1.8 million operating cash flow (PDP next 12 months).
Bids are due May 23. For information visit detring.com or contact Melinda Faust, Detring director, at 713-595-1004.