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 Slawson Exploration Co. Inc. to divest certain wellbore only, nonoperated working interests and overriding royalty interests (ORRI) in North Dakota, Montana, Wyoming and Colorado. The nonop working interest and ORRI opportunity includes assets in the Williston, Powder River and Denver-Julesburg (D-J) basins.
Overview:
- Significant Oil Weighted Production Base
- ~963 boe/d net production (TTM)
- Oil weighted production (Oil 59% / Gas 29% / NGL 21%)
- $11.3 million annualized cash flow (TTM)
- Wellbore only interest in over 950 PDP wells
- Highly Diversified Assets
- Asset diversification across multiple counties in North Dakota, Montana and Wyoming
- Stable production created by wide-ranging well vintages
- 95% of wells producing 2+ years
- Producing from world class reservoirs
- 89% from the Bakken and Three Forks
- Multiple experienced operators including Burlington Resources (ConocoPhillips), Continental Resources, Marathon Oil, Oasis Petroleum, Ovintiv, Petro-Hunt, Whiting Petroleum, WPX Energy (Devon) and XTO Energy
- Operational upside with 80 PDNP wells and six DUCs
- High Margin Production
- Low lifting cost leading to high margin production
- $5.50 per boe (TTM)
- High Margin net cash flow
- $32 per boe (TTM)
- Majority of wells have an ORRI
- 240 ORRI only wells
Asset Highlights: |
|
| Gross PDP Wells | 950+ gross |
| Average Working Interest / Net Revenue Interest | 1.5% / 1.2% |
| Wells with ORRI | 78% of wells |
| TTM Cash Flow | $11.3 million |
| Net Production | 963 boe/d |
Bids are due at 4 p.m. MT on March 31. The effective date of the transaction is May. 1.
A virtual data room will be available starting March 1. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.
Recommended Reading
E&P Highlights: Dec. 30, 2024
2024-12-30 - Here’s a roundup of the latest E&P headlines, including a substantial decline in methane emissions from the Permian Basin and progress toward a final investment decision on Energy Transfer’s Lake Charles LNG project.
EY: Three Themes That Will Drive Transformational M&A in 2025
2024-12-19 - Prices, consolidation and financial firepower will push deals forward, says EY.
Analysis: Middle Three Forks Bench Holds Vast Untapped Oil Potential
2025-01-07 - Williston Basin operators have mostly landed laterals in the shallower upper Three Forks bench. But the deeper middle Three Forks contains hundreds of millions of barrels of oil yet to be recovered, North Dakota state researchers report.
E&P Highlights: Dec. 16, 2024
2024-12-16 - Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
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.