WILLISTON BASIN NON-OP ASSETS
103-PDP Wells. Covers 2,000-Net Acres.
WILLIAMS COUNTY, NORTH DAKOTA
85-Hz Remaining Infill PUD Locations.
5-Bakken & 9-Three Forks PUDs
Also Includes De-Risked Inventory For
Future Development & Active Drilling
13.2% Non-Operated WI (10.4% NRI)
Forecasted Net Prod(10/22): 1.106 MBOED
NTM PDP Cash Flow: $13,300,000
Net PDP Reserves: 3.64 MMBOE
PDP PV-10: $47,380,000
Net Total Reserves: 10.238 MMBOE
Total PV-10: $80,120,000
BIDS ARE DUE ON SEPTEMBER 15,2022
PP 5423DV
| Onshore |
Land Base |
| Unconventional |
Play Type |
TENOAKS ENERGY ADVISORS - CRYSTAL ENERGY - UNDISCLOSED SELLER
Deal Summary
Crystal Energy, et al, have retained TenOaks Energy Advisors to assist in the sale of certain non-operated Williston basin assets in North Dakota.
Highlights:
-- Located in Williams Co., ND;
-- Covers ~2,000 net acres (23,000 gross acres, 100% HBP);
-- Holds average 13.2% non-operated WI (10.4% NRI);
-- Includes 103 PDP wells (73 Bakken and 30 Three Forks), 85 horizontal remaining infill PUDs (27 Bakken with IRR up to 87% and 58 Three Forks with IRR up to 36%);
-- Net PDP Reserves (effective 1-Oct-2022): 3.64 MMBOE (~47% oil, 53% gas, ~60% Bakken, ~40% Three Forks, PV-10: $47.38 million);
-- Net total Reserves (effective 1-Oct-2022): 10.238 MMBOE (~36% PDP, ~64% oil, 36% gas, ~53% Bakken, ~47% Three Forks, PV-10: $80.12 million);
-- Forecasted net Production (Oct-2022): ~1.106 MBOE/d (~75% oil, and ~25% gas);
-- NTM PDP cash flow: $13.3 million;
-- Also includes de-risked inventory for future development and active drilling in Stockyard area where Crystal has 5 Bakken and 9 Three Forks PUDs;
-- Operators: Zavanna, Petro-Hunt, Chord Energy (Whiting/Oasis).
To learn more contact:
Mr. Lindsay Sherrer
Phone: 214-620-4421
Email: lindsay.sherrer@tenoaksadvisors.com
