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 affiliates of Windsor Energy for the divestiture of certain working interest and royalty interest assets and associated development rights in the Williston, Appalachian and Piceance basins of North Dakota, Ohio and Colorado.

Highlights:

Multibasin Assets with Nonoperated, Royalty and Operated Interests

  • Assets distributed across three U.S. Onshore Basins
    • Williston Basin: Overriding Royalty, Nonoperated and Operated
    • Appalachian Basin: Nonoperated Wellbores and Royalty
    • Piceance Basin: Overriding Royalty
  • ~$4.3 million anticipated 2021 net cash flow
    • 52% Williston / 39% Utica / 9% Piceance

Diversified Production Base

  • ~189 existing wells
  • ~4,055 Mcfe /d net production (April 2021 Forecast)
    • 62% Gas / 19% Oil / 19% NGL
  • Balance of oil weighted & gas weighted producing assets
  • Diversified across multiple, Basin leading operators, including Gulfport Energy Corp., Slawson Exploration Co. Inc., EOG Resources Inc., Lime Rock Resources, Terra Energy Partners LLC, Ascent Resources LLC and others

Engineered Reserves

  • ~11.9 Bcfe / $11.2 million PV-10 PDP net Reserves
    • 38% Williston / 44% Utica / 18% Piceance
  • Significant near-term upside in the Williston Basin with the
  • Completion of 6 new Slawson wells, 7 additional permits and 60 PUD locations in the Middle Bakken and Three Forks 1st & 2nd
  • Sizeable resource potential in undeveloped lands in the Utica Shale
Eagle River Energy Advisors Marketed Map _ Windsor Energy Multibasin Working Interest - Royalty Acquisition Opportunity

The transaction is expected to have an April 1 effective date.

Bids are due at 4 p.m. MT on April 14. A virtual data room will be available starting March 16.

For information contact Mallory Weaver, marketing director at Eagle River, at 720-726-6093 or mweaver@eagleriverea.com.

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