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 exclusively retained by Midwest Energy LLC to divest certain mineral, lease and overriding royalty interest (ORRI) assets and associated development rights in the STACK play of Oklahoma.
The assets provide the opportunity to acquire a diversified revenue stream with varying well vintage and locations spread across the STACK play with basin-leading operators. The PDP assets are forecasted to produce approximately 66 net boe/d (53% liquids) from the Woodford, Mississippian and other formations in January and forecasted 2022 full-year cash flow is anticipated to be about $600,000 from the PDP wells. There is additional near-term upside in this package with 21 DUCs, 72 permitted/proposed locations and 500+ identified undeveloped locations.
Bids for the opportunity with Midwest Energy LLC referenced in this press release are due Jan. 27.
The effective date of the transaction is Dec. 1. A virtual data room will be available starting Dec. 17. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.
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