The following information is provided by Eagle River Energy Advisors LLC. 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.
Eagle River Energy Advisors LLC has been exclusively retained by affiliates of Blackriver LLC for the divestiture of certain mineral interest assets and associated development rights in the Denver-Julesburg (D-J), Appalachian, Powder River and Anadarko basins of Colorado, Ohio, Pennsylvania, West Virginia, Wyoming and Oklahoma.
Highlights:
Multibasin Mineral Interest Assets
- Generating stable cash flow with shallow decline
- $2.3 million annualized net cash flow for 2021 (first seven months)
- Assets distributed across four U.S. onshore basins
- D-J Basin: 87% of last 12-month cash flow | 3,354 net royalty acres
- Appalachian Basin: 9% of last 12-month cash flow | 233 net royalty acres
- Powder River Basin: 3% of last 12-month cash flow | 962 net royalty acres
- Anadarko Basin / Other: 1% of last 12-month cash flow | 14 net royalty acres
Highly Diversified Production Profile
- Balance of oil-weighted and gas-weighted producing assets
- ~1,100 producing wells
- 230 boe/d production
- 28% Oil / 60% Gas / 12% NGL
- Diversified across multiple, Basin-leading operators
- Occidental Petroleum, PDC Energy, Chevron, Cabot Oil & Gas (now Coterra Energy), Devon Energy and others
Significant Remaining Upside
- Near term development and operational upside
- Over 30 DUCs, 250 Permitted locations, and Over 50 shut-ins
- 1,000+ identified undeveloped locations
Bids are due at 4 p.m. MT on Dec. 15. A virtual data room will be available starting Nov. 15.
For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.
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