Top Story | Deals - On The Market | Deals - Property For Sale
Three Rivers III Offers Up Gassy Permian-Delaware Basin Acreage; Hopes to Net $1.0 Billion
Print
|
On the heels of numerous Permian deals already this year, another private company is looking to cash in and sell its assets in the near-term.
At a recent conference, Three Rivers III President Mike Wichterich divulged that the company has hired RBC Capital Markets to assist in the sale of the company's assets. The company was formed in April 2015 with a $500 million equity commitment from Riverstone Holdings.
Currently, Three Rivers' assets consist of approximately 57,000 net acres in the Delaware Basin, spanning Culberson and Reeves counties (see map below).
This will be the third sale of a company under the Three Rivers name. Two previous iterations of the company have been sold in the past five years:
May 2012: Concho acquired Three Rivers I for $1.0 billion December 2014: Oxy…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Deals - Property For Sale News
PE-Backed Permian E&P to Sell for $4.0 Billion
EnCap Investments is looking to sell Delaware Basin E&P Ameredev II, according to a report by Reuters. The sale could fetch around $4.0 billion (including debt). Ameredev II…
E&P Sells Eagle Ford Property for $100 Million; 22,000 Net Acres
As part of Callon's annoucement that it had closed on its Primexx Deal. Callon said it has entered into an agreement to sell non-core acreage in the Eagle…
PE-Backed Haynesville E&P Mulling Asset Sale Worth $2.0 Billion
Haynesville-focused E&P GeoSouthern Energy is considering a potential sale of its acreage portfolio, which could fetch ~$2.0 billion, according to a report by Reuters. GeoSouthern is backed by…
Chevron Looking to Sell Eagle Ford For Billions: Map Inside
Chevron is reportedly looking to sell its Eagle Ford assets acquired when it took over Noble Energy. See map below Analyst projects the company could fetch between $1…
Eagle Ford Operator with 71,000 Net Acres Looking for Buyer; Map Inside
Privately owned oil driller Recoil Resources is hunting for a buyer for its 71,000-net acre Eagle Ford property that currently produces a little more than 4,000 boe/d, according…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…