Marketed: Pivotal Petroleum Partners D-J Basin Nonop, Mineral 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.

Pivotal Petroleum Partners LP retained Eagle River Energy Advisors LLC as its exclusive adviser to divest certain nonoperated working interest and mineral assets and associated lands in the Denver-Julesburg (D-J) Basin of Colorado.

Highlights:

Producing Assets in the D-J Basin

• ~150 boe/d net production (2Q 2021 average)
• Nonop and Mineral production (90% Nonop / 10% Mineral)
• $1.3 million annualized cash flow (2Q 2021)
• 80 existing PDP wells (51 Nonop / 29 Mineral)

Highly Diversified Production Profile

• Diversified production stream (36% Oil / 35% Gas / 29% NGL)
• Asset spread across Weld County
• Highly diversified production stream by well vintage
• Existing well production from the Niobrara and Codell
• Multiple experienced operators including Extraction Oil & Gas, PDC Energy, Occidental Petroleum, Chevron, Fundare Resources and Verdad Resources

Producing Assets with Additional Upside

• Near term development including seven DUCs and eight AFEd wells
  • Robust 100+% type well IRRs
• Additional upside of 30 PUD locations
• Operational upside with four PDSI wells
• 167 net Nonop acres and 173 net Royalty acres

Bids are due by 4 p.m. CT on Nov. 16. The effective date of the transaction is Dec. 1.

A virtual data room will be available starting Oct. 20. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.