Ameredev II, backed by a $400 million private equity commitment from EnCap, is currently in the process of building its core acreage in the northern Delaware basin in Lea County, New Mexico. The acreage itself rests along the state line.

Ameredev is targeting to initiate production in its acreage in late 2017-early 2018, when it starts drilling delineation wells.

In a phone interview with Oil & Gas 360©, Parker Reese, CEO of Ameredev II, indicated that one of the benefits of its Delaware acreage was that it allowed the company’s opera...

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