Marketed: Powder River Basin, Rockies Nonop Working Interest Package

The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Black Falcon Energy LLC retained EnergyNet as the exclusive adviser to assist with the sale of certain oil and gas properties and related assets located in the Powder River Basin and Rockies region of Colorado, North Dakota and Wyoming through a sealed-bid offering closing Aug. 25.

The assets, comprised of nonoperated working interest in a 376 well package plus 108 undeveloped locations, are being offered by Black Falcon as managing company for Jamestown Resources LLC, Larchmont Resources and Pelican Energy LLC.

Highlights:

• Non-Operated Interest in 353 Wells:
  • Average 1.9178% Working Interest / Average 1.4612% Net Revenue Interest
  • 243 PDP Wells | 23 PDSI Wells | 50 PDNP Wells | Two PDBP Wells | 35 Plugged Wells
• 23 Non-Consent Wells:
  • 15 New Drills | Four Workovers | Four Other
• 108 Undeveloped Locations:
  • 107 PUDs | One Probable
• Three-month Average Net Income: $76,550/Month
• Six-month Average 8/8ths Production: 8,194 bbl/d of Oil and 55,241 Mcf/d of Gas
• Select Operators include Bonanza Creek Energy, Chesapeake Operating Inc. and Devon Energy

Bids are due at 4 p.m. CDT on Aug. 25. The transaction is expected to have an effective date of July 1.

A data room is available. For complete due diligence information on any of the packages visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.