WILLISTON NON-OPERATED ASSETS
150-PDP Wells. 667-Net Acres.
WILLIAMS, MCKENZIE, MOUNTRAIL,
DIVIDE, & BILLINGS COS., ND
ROOSEVELT & RICHLAND COS., MT
Middle Bakken & Three Forks Formations
51-DSUs. 41-DUCs. 30-Confidential Wells
2-Permitted Wells.
Avg 0.9% Non-Operated WI (0.58% NRI)
Net Production (Apr-2022): ~198 BOED
TTM Cash Flow (Exc Capex): $872,000
Net PDP Reserves: 693 MBOE
PDP PV-10: $8,800,000
Net Total Reserves: 995 MBOE
Total PV-10: $15,300,000
BIDS ARE DUE APRIL 15, 2022
PP 6037DV
| Onshore |
Land Base |
| Unconventional |
Play Type |
EAGLE RIVER ENERGY ADVISORS LLC - RITTER, LABER & ASSOCIATES INC AND PILOT ENERGY GROUP LLC
Deal Summary
Ritter, Laber & Associates Inc and Pilot Energy Group LLC have retained Eagle River Energy Advisors LLC to assist in the sale of certain non-operated Williston basin assets in North Dakota and Montana.
Highlights:
-- Located primarily in Williams Co., McKenzie Co., Divide Co., Mountrail Co., and Billings Co., ND and also in Roosevelt Co., and Richland Co., MT;
-- Covers 667 net acres;
-- Holds average 0.9% non-operated WI (0.58% NRI);
-- Includes 51 DSUs, 150 PDP wells, and near-term upside in 41 DUCs, 30 confidential wells, and 2 permitted wells with net capex of $2 million;
-- Majority of near-term upside value in Long Creek unit covering 40 net acres with 38 DUCs and 12 confidential wells with net capex of $1.5 million;
-- Net PDP Reserves: 693 MBOE (~65% oil, ~19% gas, and ~16% oil, PV-10: $8.8 million);
-- Net total Reserves: 995 MBOE (~70% PDP, ~61% oil, ~22% gas, and ~17% oil, PV-10: $15.3 million);
-- Forecasted net Production (Apr-2022): ~198 BOE/d (65% oil, 19% gas, and 16% NGL);
-- TTM cash flow (Jan-2022, excluding capex): $872,000;
-- Well economics for Three Forks and Middle Bakken formations include IRR of ~150% and ~200%, ROI of 3.4 and 4.2, and EUR of 1.2 MMBOE and 1.607 MMBOE, respectively;
-- Operators: Conoco, Continental, Hess, Oasis, Hunt, Enerplus, Zavanna, Whiting, EOG, and XTO.
To learn more contact:
Mr. Michael Stolze
Phone: 720-726-6090
Email: MStolze@EagleRiverEA.com
