The following information is provided by Eagle River Energy Advisors. All inquiries on the following listings should be directed to Eagle River. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Anschutz Exploration Corp. exclusively retained Eagle River Energy Advisors LLC to divest certain wellbore only, non-operated working interests in the Powder River Basin of Wyoming.

The assets provide the opportunity to acquire a balanced commodity mix stream that generated $9.0MM of annualized cash flow from 430 BOE/D of net production. Additionally, this package is diversified by well count, well vintage, commodity and operator with locations spread across the Powder River Basin. Lastly, these assets exhibit both low lifting costs (~$12/BOE) and stable production with a shallow decline of ~15% YoY.

Highlights:

  • 430 boe/d net production
  • Wellbore only interest in 182 gross wells (80% HZ)
  • Balanced commodity mix (Oil 60% /Gas 26% /NGL 13%)
  • $9 MM net cash flow (Feb. – Jul. 2022 annualized with avg. oil price $103 & avg. gas price $6.44)
  • Diversified production by formation, well type, operator, and vintage
  • Stable production with shallow decline of ~15% yoy
  • Leading operators across the basin including EOG, Occidental, Vermilion, and Devon
  • Low lifting cost
    • ~$12 per BOE
  • Excellent Price differentials
    • $-2.62/bbl | -$0.24 /mcf | 46% of WTI (NGL)
Anschutz Exploration Corp.

Bids for the opportunity are due at 4:00 p.m. MT on Feb. 23, 2023. Access to the Virtual Data Room opens on Jan. 26. Requests for information should be directed to Michael Stolze, senior managing director, at mstolze@eagleriverea.com or Austin McKee, managing director, at amckee@eagleriverea.com.

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