Marketed: Gulfport Energy Core Williston Basin Assets

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.

Gulfport Energy Corp. retained Eagle River Energy Advisors LLC to divest certain overriding royalty interest (ORRI) and nonoperated working interest assets and associated lands in the Williston Basin of North Dakota in Dunn, McKenzie, McLean and Mountrail counties.

Highlights:

ORRI and Working Interest Opportunity in the Core of the Williston Basin

• 449 producing wells with ORRI 
  • 0.04% ORRI average
• 18 producing wells with non-operated working interest 
  • 2.0% Working Interest / 1.6% Net Revenue Interest average
• 61 DUC / Confidential / Permitted wells provide near-term growth
• 500+ infill drilling locations provide long-term growth 

Cash Flow Stability

• ~$800M Next 12-month PDP cash flow
• Significant additional cash flow anticipated to come online in 2021-22 from 61 DUC / Confidential / Permitted wells
• Diversified well vintage shelters cash flow from high initial decline rates of new wells

Diversified Among Top Williston Basin Operators

• Assets operated by diverse set of Basin-leading operators including EOG Resources, Enerplus, Marathon Oil, Devon Energy, XTO Energy and others
• Ownership in > 100 DSUs
• Recent successful Marathon recompletions on seller’s wells with IP30s as high as 515 boe/d
• Three Forks 2nd Bench wells on and offset to seller’s assets show promising production results

Bids are due by 4 p.m. MT on Sept. 1. A virtual data room will be available starting Aug. 4.

For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.