WILLISTON NON-OPERATED ASSETS
243-Hz Wells.
MCKENZIE & WILLIAMS COS., ND
Bakken & Three Forks Formations
25-DUCs & Permits. ~350-Locations.
NTM Net Cash Flow: $2,000,000
PDP Reserves: 207 MBOE
PDP PV-10: $4,800,000
BIDS ARE DUE ON JUNE 28, 2022
PP 5363
Onshore |
Land Base |
Unconventional |
Play Type |
REDOAKS ENERGY ADVISORS - QPC3 LLP; SHEEP MOUNTAIN LTD; AUGUST RESOURCES LTD
Deal Summary
QPC3 LP, Sheep Mountain Ltd, and August Resources Ltd have retained RedOaks Energy Advisors to assist in the sale of certain Williston Basin non-operated assets in North Dakota.
Highlights:
-- Holds certain non-operated assets in McKenzie Co., and Williams Co., ND;
-- Includes 243 producing horizontal wells (2 completions in last 2 months), 25 DUCs and permits and ~350 upside locations targeting the Bakken and Three Forks formations;
-- PDP Reserves: 207 MBOE (~50% oil, ~30% gas, ~20% NGL, PV-10: $4.8 million);
-- NTM net cash flow: $2 million (100% PDP);
-- Primary operators: Petro-Hunt, Kraken, Grayson Mill, Hess, Continental.
To learn more contact:
Mr. David Carter
Phone: 214-420-2334
Email: david.carter@redoaksadvisors.com