DELAWARE OPERATED ACREAGE
3,838-Net Acres. 640-Net Surface Acres
PECOS COUNTY, TEXAS
Ready To Drill Position
3rd Bone Spring & Wolfcamp A Fms
Upside In Woodford, Barnett &
2nd Bone Spring Formations
100% OPERATED WI (79% NRI)
Can Accommodate 10,000 Feet Lateral
Dev Across 3 Potential 1,280 Acres DSU
Surf Ownership With Active SWD Permit
Efficient D&C Capital Costs
3D Seismic Available
BIDS ARE DUE MAY 5, 2021
DV 5092
| Onshore |
Land Base |
| Unconventional |
Play Type |
PETRODIVEST ADVISORS - ENCORE PERMIAN HOLDINGS LP
Deal Summary
EnCore Permian Holdings LP (backed by an Undisclosed PE Sponsor) has retained PetroDivest Advisors to assist in the sale of certain operated Southern Delaware basin undeveloped leasehold and unleased mineral acreage in Texas.
Highlights:
-- Located in Pecos Co., TX;
-- Covers 3,838 net/gross contiguous acres (100% operated);
-- Also holds 640 net/gross acres with 100% mineral and surface ownership in Section 65;
-- Holds 100% WI (~79% average NRI);
-- Primary targets include the Wolfcamp A and 3rd Bone Spring formations, which generate ~50% IRR;
-- Position is drill ready and can accommodate ~10,000 feet lateral development across three potential 1,280 acres drilling units (100% WI);
-- Surface ownership with active SWD permit provides optionality for water disposal and freshwater sourcing across Section 65;
-- Efficient D&C capital costs due to pad development and shared facilities;
-- Includes 3D seismic data across the acreage;
-- Additional upside in the Woodford, Barnett, and 2nd Bone Spring formations;
-- Offset operators: Pioneer, Pecos River, and Rosehill.
To learn more contact:
Mr. Jerry Edrington
Phone: 713-595-1017
Email: jerry@petrodivest.com
