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.

Production Energy Partners, a portfolio company of Fulcrum Energy Capital, retained Eagle River Energy Advisors LLC to divest certain operated and nonoperated working interest assets and associated lands in the Williston and Powder River basins of Montana, North Dakota and Wyoming.

The assets provide the opportunity to acquire about 55,000 majority operated net acres (100% HBP) diversified across eight operated and other nonoperated fields. These are mature, conventional assets producing approximately 400-500 boe/d (99% oil) from the Bakken, Ratcliffe, Madison, Minnelusa and other conventional reservoirs. There is significant operational upside with low-capital projects to return wells to production and increase production in existing wells. There are also additional uplift opportunities for a refrac campaign. 

Highlights:

  • ~55,000 net acres / 100% HBP
  • 372 gross wells
  • 265 net wells / 71.24% average working interest
  • 424 boe/d net production / 99% oil
  • $1.3 million annualized three-month cash flow
  • ~1,607 net Mboe PDP reserves / $15.59 million PV-10 
Eagle River Energy Advisors Marketed Map - Fulcrum Energy Capital Williston and Powder River Basin Conventional Asset Package
Key Assets in Montana, North Dakota and Wyoming (Source: Eagle River Energy Advisors LLC)

Fulcrum Energy Capital is a Denver-based private investment firm focused on lower middle market upstream oil and gas investment opportunities in North America.

Bids for the conventional opportunity with Fulcrum Energy Partners are due at 4 p.m. MT on July 22. A virtual data room will be available starting June 21.

For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.

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