POWDER RIVER BASIN ASSETS
Covers 159,000-Net Acres.
CAMPBELL, JOHNSON &
CONVERSE COUNTIES, WY
Targets Niobrara, Parkman, Turner,
Mowry And Sussex Formations
1,926-Gross Locations.
170-AFEs Received Since 2018
8.3% Non-Op WI (78% 8/8ths NRI)
Estimated Net Production: 1.85 MBOED
NTM PDP Cash Flow: $20,000,000
BIDS ARE DUE LATE SEPTEMBER, 2022
PP 5480DV
| Onshore |
Land Base |
| Unconventional |
Play Type |
CIBC GRIFFIS & SMALL - OCCIDENTAL PETROLEUM CORP
Deal Summary
Occidental Petroleum Corp has retained CIBC Griffis & Small to assist in the sale of certain non-operated Powder River basin assets in Wyoming. Access to the VDR opens on 26-Aug-2022 and the bids for the package are due in late Sep-2022.
Highlights:
-- Located primarily in Campbell Co., Converse Co., and Johnson Co., WY and also in Crook Co., Niobrara Co., Sheridan Co., and Weston Co., WY;
-- Covers ~159,000 net acres (~393,000 gross);
-- Holds average 8.3% non-operated WI/78% 8/8ths NRI;
-- Includes 1,926 gross locations (938 Niobrara, 340 Mowry, 335 Parkman, 313 Turner);
-- Estimated net Production (as of 1-Oct-2022): ~1.85 MBOE/d (~70% oil);
-- NTM PDP cash flow (effective as of 1-Oct-2021): ~$20 million;
-- ~170 AFEs from 9 different operators targeting 5 different formations since 2018;
-- Over the past 5 years, Oxy has received AFEs targeting five horizons: Turner (32% of AFEs), Parkman (23%), Niobrara (23%), Mowry (20%), and Sussex (2%);
-- Oxy has received on average a net of $2.1 million per month in AFEs;
-- Select operators: EOG, Anschutz, Devon, and Continental (EOG represents ~80% of AFE activity since 2021).
To learn more contact:
Mr. Mark Nelson
Phone: 281-678-5423
Email: mark.nelson@cibc.com
