Marketed: Wasatch Energy Management Non-operated WI in Utah

Wasatch Energy Management has retained EnergyNet for the sale of non-operated working interest and royalty opportunities in Duchesne and Uintah counties, Utah. The lot# 114136 package includes a net production of 761 boe/d as of October 2023.

Opportunity highlights:

• Active Duchesne and Uintah Counties, Utah Position
  • Opportunity to acquire non-operated working interest ownership within an active, developing area in the Uinta Basin
  • Average WI of ~9.6% in 40 actively producing horizontal wells
  • Net production of ~761 boe/d (~90% oil) as of October 2023
    • Concentrated position in Duchesne and Uintah Counties underneath leading Basin Operators XCL Resources and Uinta Wax
• Stacked Upside
  • Additional 13 permitted locations within the units
  • Further 76 stacked upside locations following in-basin development design
• Predictable Production, Opex, and Cash Flow:
  • PDP net production of ~761 boe/d (~90% oil) as of October 2023
  • Favorable midstream contracts with sufficient takeaway capacity, no MVCs, no drilling commitments, and market rates
  • PDP NTM cash flow of ~$9.2 MM at current strip pricing
  • Ownership is all depths, no depth restriction.

Bids are due Feb. 21 at 4 p.m. CST. For complete due diligence, please visit indigo.energynet.com, or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.