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Basin Properties Announces Sale of Ranches and Accelerated Water

Summary by Benzinga

MIDLAND, Texas, May 1, 2025 /PRNewswire/ -- Basin Properties announced the sale of its interests in two ranches in Lea County, New Mexico as well as Accelerated Water to an undisclosed buyer for $180 million, inclusive of interests owned by its joint venture partner. The ranches include nearly 72,000 surface acres in a geologically favorable part of the Delaware Basin, while Accelerated Water, Basin's service subsidiary, sold over 43.5 million b…

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Basin Properties Announces Sale of Ranches and Accelerated Water

MIDLAND, Texas, May 1, 2025 /PRNewswire/ -- Basin Properties announced the sale of its interests in two ranches in Lea County, New Mexico as well as Accelerated Water to an undisclosed buyer for $180 million, inclusive of interests owned by its joint venture partner. The ranches include nearly 72,000 surface acres in a geologically favorable part of the Delaware Basin, while Accelerated Water, Basin's service subsidiary, sold over 43.5 million b…

15 days ago·New York, United States

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Benzinga broke the news in New York, United States 15 days ago on Thursday, May 1, 2025.

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