WILLISTON NON-OPERATED ASSETS
64-Gross Wells. 1.5-Net PDPs (61-Gross)
WILLIAMS, MOUNTRAIL, MCKENZIE,
& DUNN COUNTIES, NORTH DAKOTA
Targets The Bakken & Three Forks Fms
With Strong Refrac Potential
2.6% Non-Operated WI (2% NRI)
WELLBORE-ONLY INTERESTS
Net Production: 123 BOED
Cash Flow (Apr-2022): $200,000
Annualized Cash Flow: $2,000,000
Low Lifting Cost ($11.42/BOE)
Leading To High Margin Production
BIDS ARE DUE JUNE 2, 2022
PP 6072
| Onshore |
Land Base |
| Unconventional |
Play Type |
EAGLE RIVER ENERGY ADVISORS - UNDISCLOSED SELLER
Deal Summary
Eagle River Energy Advisors LLC has been retained by a private seller to assist in the divestiture of certain non-operated Williston basin wellbore-only assets in North Dakota.
Highlights:
-- Located in Williams Co., Mountrail Co., McKenzie Co., and Dunn Co., ND;
-- Holds average 2.6% non-operated WI (2% NRI) in 64 total gross wells including 1.5 net PDP wells (61 gross);
-- Producing from the Bakken and Three Forks formations with strong refrac potential;
-- Stable production with over 40% of wells producing for ~7 years;
-- Net Production: 123 BOE/d (75% oil, 14% NGL, and 11% gas, 76% Bakken and 24% Three Forks);
-- Cash flow (Apr-2022): $200,000;
-- Annualized cash flow (over the past 6 months ending Mar-2022): $2 million;
-- Low lifting cost ($11.42/BOE) leading to high margin production;
-- High net operating margin realizing 80% of revenue;
-- Operators: Continental, Enerplus, Oasis, Whiting, and WPX.
To learn more contact:
Mr. Michael Stolze
Phone: 720-726-6090
Email: MStolze@EagleRiverEA.com
