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

Barrel Oil Corp. retained Sayer Energy Advisors for the sale of its oil and natural gas interest located in the Coyote area of Alberta. The package includes a deemed net asset value of $2 million as of Dec. 2, 2023.

Coyote property
(Source: Sayer Energy Advisors)

Opportunity highlights:

  • At Coyote, Barrel holds primarily a 100% working interest in 18.75 sections of land;
  • Production from Coyote is primarily from the Mannville Group;
  • Average daily sales production net to Barrel from Coyote for the third quarter of 2023 was approximately 126 boe/d;
  • 73 bbl/d of oil and natural gas liquids;
  • 319 Mcf/d of natural gas;
  •  Operating income net to Barrel from Coyote for the third quarter of 2023 was approximately $72,000 per month, or $865,000 on an annualized basis;
  • As of Dec. 2, 2023, the Coyote property had a deemed net asset value of $2 million; and 
  • LMR ratio of 1.72

Bids are due Feb. 8 at noon. For complete due diligence, please visit sayeradvisors.com or email Tom Pavic, president, at tpavic@sayeradvisors.com .

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