Asset #53457 | Eddy County, New Mexico
AFE package in Eddy County, NM sold for over 100% of cost through The Oil and Gas Asset Clearinghouse’s auction.
Overview
At the February 2026 live auction, The Oil & Gas Asset Clearinghouse marketed and sold Asset #53457, an AFE and non-operated working interest package in Eddy County, New Mexico.
The asset generated strong buyer demand and ultimately sold for more than 100% of the net AFE cost, underscoring continued interest in development opportunities in the Permian Basin.
The Asset
Asset #53457 included an AFE package for nine horizontal wells, operated by Devon Energy, along with additional non-operated working interests.
Key highlights:
- AFE for 9 horizontal wells (Wolfcamp & Bone Spring)
- Operated by Devon Energy
- 1.46% working interest at 75% NRI (estimated)
- $1,082,623 net CAPEX / $75,025,295 gross CAPEX (estimated)
- 21.8 net acres in Eddy County, New Mexico
- Additional non-operated working interest in 5 producing wells
- $1,732 average monthly net cash flow
The asset provided exposure to active development in the Delaware Basin, one of the most productive regions in North America.
Why the Asset Was in High Demand
Permian Basin Exposure
The Permian Basin continues to attract capital due to:
- stacked pay zones
- strong production performance
- ongoing operator activity
Eddy County remains a core area for development.
High-Quality Operator
The wells were operated by Devon Energy, a well-established operator with a strong reputation in the basin. Operator quality often plays a key role in buyer confidence when evaluating AFE opportunities.
Attractive AFE Economics
AFEs in this region are frequently sought after due to:
- relatively short payout periods
- exposure to new drilling activity
- participation in large-scale development programs
These characteristics contributed to competitive interest from buyers.
Auction Performance
The package received significant attention during the auction process, resulting in:
👉 Sale for more than 100% of the net AFE cost
This outcome highlights the benefit of exposing development opportunities to a competitive market of qualified buyers.
The Advantage of Auctioning AFE Packages
AFE opportunities can be difficult to price in private transactions due to variability in development expectations.
By utilizing a competitive auction environment, sellers can:
- attract multiple interested buyers
- allow the market to determine value
- reduce reliance on a single negotiated offer
Thinking About Selling AFEs or Development Assets?
If you are considering selling AFEs, non-operated interests, or producing assets, OGAC provides a structured process designed to maximize exposure and efficiency.
Our approach includes:
- Marketing to a large, vetted buyer network
- Supporting due diligence through organized data rooms
- Conducting live auctions with competitive bidding
👉 Learn more about selling your assets:
ogclearinghouse.com/sell-with-clearinghouse/
