WYOMING OPERATED ASSETS
115-Wells. 23,000-Net Acres (60% HBP)
CAMPBELL, CROOK & WESTON COS
Acreage Is 100% Operated
Primarily Targets Minnelusa & Muddy Fmns
26-PDPs. 57-PDNPs. 32-WIWs
Assets Primed To Quickly Recover
To Net 600 BOPD Over 3 years
Average 89% OPERATED WI (75% NRI)
Net Production: 180 BOPD
NTM Cash Flow: $1,400,000
Net PDP Reserves: 1.3 MMBO
PDP NPV-10: $10,000,000
Net PD Reserves: 4.3 MMBO
$20 Bbl Netback
EOR, Infill & Recompletion Opportunities
BIDS ARE DUE JULY 8, 2021
PP 5161
| Onshore |
Land Base |
| Conventional |
Play Type |
PETRODIVEST ADVISORS - PINE HAVEN RESOURCES LLC
Deal Summary
Pine Haven Resources LLC (backed by Juniper Capital Advisors LP) has retained PetroDivest Advisors to assist in the sale of certain producing operated Powder River basin assets in Wyoming.
Highlights:
-- Located in Campbell Co., Crook Co., and Weston Co., WY;
-- Covers ~23,000 net acres ( ~60% HBP, 100% operated) with ~5 average years of primary term remaining on non-HBP positions;
-- Discrete, operated assets in Eastern Campbell & Western Crook counties with ~89% average WI (~75% average NRI);
-- Primarily targets the Minnelusa Fairway and Muddy formations;
-- Includes 115 wells (26 PDP, 57 PDNP, and 32 WIW);
-- Net PDP reserves (as of 1-Jul-2021): ~1.3 MMbbl (NPV-10: ~$10 million);
-- Net proved developed reserves (as of 1-Jul-2021): ~4.3 MMbbl (~30% PDP, NPV-10: ~$34 million);
-- Net Production (as of 1-Jul-2021): ~180 Bbl/d (waterflood position with ~4% decline);
-- NTM cash flow (as of 1-Jul-2021): ~$1.4 million;
-- Asset primed to quickly recover to net ~600 Bbl/d over 3 years due to improving oil price and refocused efforts on 57 PDNP wells;
-- Upside includes substantial EOR, infill, and re-completion opportunities across the position in the Minnelusa Fairway and Muddy formations;
-- ~$20/Bbl netback with line-of-sight to further operational improvements and LOE reductions;
-- Includes Petrel simulation modelling and ~55 sq miles of 3D seismic data.
To learn more contact:
Mr. Jerry Edrington
Phone: 713-595-1017
Email: jerry@petrodivest.com
