The following information is provided by BOK Financial Securities Inc. All inquiries on the following listings should be directed to BOK Financial Securities. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Ward Energy Partners is offering for sale certain overriding royalty interest (ORRI) and mineral interests concentrated in the core of the Wattenberg Field within the Denver-Julesburg (D-J) Basin. The company retained BOK Financial Securities as its exclusive adviser in connection with the sale.
Highlights:
- ~1,933 net royalty acres (normalized to 1/8th) covering 22 units in Adams and Weld counties, Colorado
- Weighted average decimal interest: 0.94%
- November 2021 PDP cash flow: $441,862 (estimated to be 59% in-pay)
- Significant near-term cash flow growth from 59 DUCs, 30 surface drilled wells, and 13 active permits (all horizontal)
- Future 12-month Estimated Cash Flow (PDP + DUC only): $5.62 million
- Net royalty acreage is 96% operated by Great Western Petroleum – currently running two rigs on units with Ward ownership
Process Timeline
- Feb. 7 – Virtual Data Room Open
- March 10 – Offers Due
For information, contact Jason Reimbold at jreimbold@bokf.com or Jeff Hawes at jhawes@bokf.com.
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