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Oil & gas leasehold properties located throughout the core of the Delaware Basin, West Texas

  • State/Province: Texas
  • Country: United States
  • Quantity: 1 package deal
  • Allow Deals: Yes
  • I Want To: Sell
  • Telephone Number: (713) 907-2003
  • Listed: April 7, 2019 8:48 am
  • Expires: 2686 days, 14 hours


West Texas Oil & gas leasehold properties For Sale

EnCore Permian Holdings LP (“EnCore”) is offering for sale its oil & gas leasehold properties located throughout the core of the Delaware Basin, West Texas. The assets offer an attractive opportunity to acquire a sizable footprint in the most economic basin in the Lower 48. EnCore has retained Detring Energy Advisors as its exclusive advisor relating to the transaction.

Asset Highlights:

· 2,813 Net Acres

o Multiple contiguous, high-concentration prospects with operational control

o ~2,400 net acres (84% of the total package) in two large contiguous prospects

§ Trust Prospect: Two full sections in the heart of the over-pressured oil window in Northern Pecos County

§ Four Square Prospect: Two full contiguous sections in Northwest Reeves County

o No near-term expirations, with 99% of the package expiring 2020+

o Parsley Energy currently running one rig on EnCore’s Southern Delaware properties (Pecos Co.)

· Trust Prospect: ~1,280 Net Acres in the Core of the Southern Delaware (100% WI)

o Prolific stacked-pay environment with four benches already delineated and two additional benches currently being appraised by offset operators

o Parsley Energy’s offset spacing tests support up to 45 locations per section in the Wolfcamp alone

o Successful tests of the 2nd and 3rd Bone Spring immediately offsetting the position have yielded excellent results

· Substantial Resource In-Place | Potential for Over 100 Operated Locations

o Exposure to 8+ productive zones across the Wolcamp, Bone Spring, Avalon, and Delaware Sands

o Industry operators reporting OOIP of >250 MMBo/section across the position

Process Overview:

· Evaluation materials available via the Virtual Data Room on Monday, October 16th

· Proposals due on Tuesday, November 14th

o EnCore will consider proposals to acquire the full set of properties or sub-portions thereof

· Closing mid-December

Please see the attached teaser for additional details regarding the properties and sales process.

Please contact Melinda Faust to request a confidentiality agreement, schedule a presentation, or learn more about this opportunity.

Best Regards,

Derek Detring

derek@detring.com / (713) 705-8721

Benjamin Shin

benjamin@detring.com / (713) 705-3775

Melinda Faust

mel@detring.com / (713) 907-2003

Matthew Loewenstein

matt@detring.com / (713) 705-3675

Richard Ball

richard@detring.com / (713) 705-3875

Listing ID: 73559e4aa7ad1544

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