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.
Lincoln Energy Partners retained Eagle River Energy Advisors LLC for the divestiture of mineral interests across the Denver-Julesburg (D-J), Powder River, Williston and the Permian's Delaware basins.
The offering includes assets in Colorado, North Dakota, Texas and Wyoming.
Highlights:
- About 24,650 net royalty acres diversified across five active plays (57% HBP)
- 945 producing wells provide low-risk and stable cash flow profile
- About 300 barrels of oil equivalent per day (boe/d) net production (57% Oil)
- About $182,800 monthly net cash flow (six-month average)
- Significant remaining reserves across all Basins with stacked pay potential
- More than 150 new wells drilled per year on Seller's assets since 2017 demonstrating significant activity
- Highly probable near-term development and associated cash flow uplift with 220 DUC and 1,516 Permitted Wells
- Active portfolio operators include Occidental Petroleum Corp., PDC Energy Inc., Extraction Oil and Gas Inc., Chesapeake Energy Inc., Noble Energy Inc. and others
- Portfolio operators actively permitting and drilling with 151 of 322 active drilling rigs in the Basins
![Marketed: Delaware, D-J, Powder River, Williston Basin Mineral Interest](/sites/default/files/inline-images/Marketed%20Delaware%20DJ%20Powder%20River%20Williston%20Basin%20Mineral%20Interest.png)
Bids are due March 12. Virtual data room available starting Feb. 11. The transaction is expected to have a Jan. 1 effective date.
For information visit eagleriverholdingsllc.com or contact Austin McKee, managing director of Eagle River, at AMcKee@EagleRiverEA.com or 303-832-5128.
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