Delaware Basin Farm-In
The Delaware Basin position exemplifies Dolomite's ability to identify and develop large-scale domestic opportunities — building out a 200,000+ acre Permian position and attracting supermajor partnership through rigorous prospect development.
Dolomite's principals identified the Delaware Basin position as having significant multi-zone prospectivity — developing the geological case for a 200K+ acre position ahead of the broader Permian Basin activity surge.
Led technical development of the prospect inventory across the acreage position — building the geological story that would attract institutional capital from a supermajor partner.
Successfully attracted a supermajor partner to the position, generating approximately $60M in lease bonus payments for the operator — validating the geological work and the quality of the acreage.
In addition to the lease bonus, Dolomite's principals negotiated a multi-well drilling carry worth approximately $60M — providing substantial carried interest value on top of the bonus proceeds.
