Marketed: Operated Conventional Williston Basin Opportunity

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

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.

Western Meadowlark Energy exclusively retained Eagle River Energy Advisors LLC to divest certain operated working interest assets and associated lands in the Williston Basin of Montana.

The assets provide the opportunity to acquire a mature, conventional production profile with a shallow 6% annual decline rate. The assets are producing approximately 45 bbl/d of oil from the Red River Formation, and next 12-month cash flow is anticipated to be about $625,000. The assets also have additional upside with several recompletion and reactivation candidate wells, according to Eagle River. 

Bids are due at 4 p.m. MT on Sept. 1. The transaction is expected to have an Aug. 1 effective date.

A virtual data room will be available beginning Aug. 9. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.

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