The following information is provided by Energy Advisors Group Inc. (EAG), formerly PLS Divestment Services. All inquiries on the following listings should be directed to EAG. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Energy Advisors Group Inc. (EAG) has been retained to assist a private company in upstate New York with real estate holdings and oil and gas to assist them in developing their properties in North Dakota.
Highlights:
- McKenzie County, N.D., Development
- 8,500 Gross Acres. Five Proved Undeveloped (PUD) Locations; Four Current Proved Developed Producing (PDP) Wells
- Williston Basin.
- Multipay. Seven Structures. Five Already Productive
- Bakken, Duperow, Madisin and Red River
- 25-30 Sq Miles of 3-D Seismic (2006)
- Acreage Offset By Cobra Oil & Gas Co., Prima Exploration Inc., Sinclair Oil Corp., Continental Resources Inc., Peregrine Petroleum LLC;
- 100% Operated Working Interest and 80% Net Revenue Interest
- Current PDP Production: 40-50 barrels per day (bbl/d) of Oil
- Some Horizontal Recompletions
- Also Unconventional Drilling Applicable
- Most of the Current Wellbores Have Seven Inch Casing
- Expected Initial Production: 200-250 bbl/d of Oil
- Drilling and Completion Vertical Costs: $1,800,000-2,200,000 per Location
- PUD Net Reserves: ~1.1 MMbbl & 1.4 Bcf
- PUD PV-10 Value: about $8,627,000
- BLM and State Leases. Half of Area HBP.
- Seeking Development Capital
- One Idea Capital Raise: Fund 100% Working Interest Development To Earn 75%
EAG has also engaged a technical firm, Craig Davis (713-922-2200), to assist in the geological and engineering presentation for this prospect.
Click here to view the online data room or visit energyadvisors.com/deals to view our other 30-plus assignments. For more information, contact Steve Henrich, director with EAG, at shenrich@energyadvisors.com or 713-600-0123.
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