Marketed: NP Resources Williston Basin Acquisition Opportunity

Transaction Type
Sellers
Marketers
Basin
Williston Basin; Bakken Shale
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
0MM
Description

The following information is provided by Detring Energy Advisors LLC. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

NP Resources (NPR) is offering for sale its oil and gas leasehold and related interest located within the Williston Basin in North Dakota’s Billings, Golden Valley and McKenzie counties. The assets offer an attractive opportunity to acquire resilient, high-margin cash flow uplifted by low lifting costs and an oil-weighted production base generating, according to Detring Energy Advisors, which NPR retained as its exclusive adviser related to the transaction

Additionally, Detring noted the offering includes several high-returning behind-pipe opportunities with no direct exposure to the Dakota Access Pipeline plus a substantial inventory of horizontal development locations providing over a decade of running room across 400+ Three Forks locations funded through cash flow.  

The asset, Detring said, is unlevered, and NPR will entertain offers consisting of cash, stock, or a combination thereof.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on May 12
  • Proposals due June 9

For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.

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