Centennial Resource Production, Inc. ("Seller") has exclusively retained Eagle River Energy Advisors, LLC to divest or farm-out certain operated leasehold assets in the Delaware Basin of Reeves County, Texas.

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Teaser & CA

Operated Acquisition / Farm-In Opportunity in the Delaware Basin

Asset Highlights

  • CAPEX Investment Opportunity: ~$40MM
  • Potential Hz Drilling Locations: 6 Hz Wolfcamp Wells
  • Wolfcamp A IRR/RIO: 85% IRR / 3.8x
  • Wolfcamp B IRR/RIO: 51% IRR / 3.0x 

The transaction is expected to have a May 1 effective date.

Bids are due at 4 p.m. MT on June 2, 2021. A virtual data room will be available starting May 5th.

For information contact Mike Stolze, Managing Director at Eagle River, at (720) 726-6090 or mstolze@eagleriverea.com