The following information is provided by RedOaks Energy Advisors. All inquiries on the following listings should be directed to RedOaks Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Crystal Equity Energy LLC and CEE II LLC have retained RedOaks Energy Advisors as the exclusive advisor in connection with the sale of certain non-operated working interest properties and an equity interest in a midstream entity located in the Williston Basin.

Asset Highlights:
Bakken Non-Op:
- Opportunity to acquire non-operated WI across several sections in Williams County, ND
- Diversified PDP base with a seasoned production profile across 45 producing Hz wells
- Avg. WI | NRI: 11.7% | 9.2%
- PDP PV-10: $5.6 million
- NTM PDP net cash flow: $1.3 million
- Partnered with well capitalized, proven Williston Basin operators: Zavanna, Petro-Hunt and Chord
Midstream Equity Interest
- Opportunity to acquire a minority equity interest (~12.1%) in 1804, LTD, also known as the Flatirons Midstream Spring Brook System ("Spring Brook").
- Located near Williston in Williams County, Spring Brook is a gas gathering and processing system operated by Flatirons Midstream with a capacity of 63,000 mcf/d.
- In addition to traditional gathering and processing, Spring Brook has a centralized gas lift design that provides producers with high pressure, dry gas sourced from the tailgate of the plant.
Bids for this lot are due on July 13 at 12:00 p.m. CDT. For complete due diligence information on this property, please visit redoaksenergyadvisors.com or email David Carter, partner, at david.carter@redoaksadvisors.com.
Recommended Reading
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
2025-01-22 - Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Utica Liftoff: Infinity Natural Resources’ Shares Jump 10% in IPO
2025-01-31 - Infinity Natural Resources CEO Zack Arnold told Hart Energy the newly IPO’ed company will stick with Ohio oil, Marcellus Shale gas.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
2025-01-30 - Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.
Ovintiv Names Terri King as Independent Board Member
2025-01-28 - Ovintiv Inc. has named former ConocoPhillips Chief Commercial Officer Terri King as a new independent member of its board of directors effective Jan. 31.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.