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

Project Lakes is offering for sale certain nonoperated working interest in the Williston Basin. The company has retained RedOaks Energy Advisors as its exclusive adviser in connection with the transaction comprising a nonop position concentrated in the core of the Williston Basin located primarily in eastern North Dakota.

Highlights:

  • Core nonoperated working interest position
  • Primary Operators: Grayson Mill, Exxon Mobil, Continental Resources, Slawson
  • Diversified cash flow: 414 producing horizontal wells
  • Projected next 12-month PDP net cash flow: $1.6 million
  • Projected next 12-month PDP net production: 76,000 boe (68% liquids)
  • Significant near-term development: 18 DUCs
RedOaks Energy Advisors Marketed Map - Project Lakes Bakken Nonop Working Interest Package
Nonop Position Concentrated in the Core of the Williston Basin (Source: RedOaks Energy Advisors)

Bids are due Sept. 29. The transaction is expected to have an Aug. 1 effective date.

A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.

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