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Ascent hires Petrie to sell assets in Northern Delaware Basin
Petrie Partners is marketing Northern Delaware Basin assets in New Mexico for Ascent Energy. The 8,000 net-acre position (94% operated with an average 90% WI, 67% NRI) is located in Lea and Eddy Cos. and includes 300 economic development locations with 45% of the inventory comprised of ~7,000 ft. laterals. The position also includes limited near-term lease expirations, and up to 7.1% ORRI is available for purchase.The position consists of 30-day IP rates of......
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