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 Evertson Operating Co. Inc. to divest certain operated working interest assets in the Denver-Julesburg (D-J) Basin of Nebraska.
The offering includes 14,660 net acres with 47 PDP, 11 injection and three saltwater disposal wells. Production is 351 net bbl/d of oil with a PDP PV-10 of $30.8 million. The assets generated a last 12-month net cash flow of $8 million.
Asset Overview:
- Diversified Shallow Decline Oil Production
- Net production of 351 boe/d (99% oil)
- Historical shallow decline of ~8% per year
- Production from conventional reservoirs (primarily J sand)
- Well diversified across 47 PDP wells
- Active EOR program on six units
- Highly Profitable Asset
- Low operating costs of $14.42/BO
- Last 12-month net cash flow of $8 million
- PDP PV-10 of $30.8 million
- Little near-term P&A liability, only five operated temporarily abandoned wells
- High Operational Control and Drilling Upside
- Large footprint with 19,380 gross and 14,660 net acres
- 530 Miles of 3D Seismic Data (98% unleased) included
- Potential for both conventional and unconventional exploration targets
- Favorable regulatory climate in Nebraska
Bids are due by 4 p.m. MT on Oct. 11. The transaction effective date is Nov. 1.
A virtual data room will be available starting Sept. 12. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.
Recommended Reading
Glenfarne: Latest Customer Means Texas LNG is Ready for FID
2024-09-12 - Construction on Glenfarne’s Texas LNG is scheduled to begin this year, though the project is one of two LNG sites that had permits pulled after a court ruling in August.
FTC Oks Chevron-Hess Deal, Bans John Hess from Board
2024-09-30 - Federal regulators signed off on a blockbuster tie-up between Chevron and Hess Corp. but banned CEO John Hess from sitting on the Chevron board.
Venezuela Lost Citgo, But the Battle’s Not Over Yet
2024-10-04 - Amber Energy’s $7.3 billion purchase of Citgo fell well short of analyst’s valuations. PDVSA Ad Hoc expects to appeal the decision soon in its battle to protect its claim on Citgo.
Quantum Teams Looking for Acquisitions ‘Off the Beaten Path’
2024-10-14 - Blake Webster, partner at Quantum Capital Group, said the private-equity firm’s portfolio teams are looking to buy from sellers looking for cash buyouts, though not necessarily in the usual places.
Diamondback Subsidiary Viper Closes $900MM Midland Royalty Deal
2024-10-02 - Diamondback Energy’s Viper Energy closed the last of three acquisitions from Tumbleweed Royalty, owned by Double Eagle Energy’s founders, that together totaled about $1.1 billion.
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.