Nielson & Associates Inc.

Transaction Type
Sellers
Marketers
Basin
Powder River, Big Horn, Anadarko
Field
House Creek, Pheasant, Homestead, Rattlesnake, East Calumet
Post Date
Close Date
Estimated Price
0MM
Description

Nielson & Associates Inc. has retained Albrecht & Associates Inc. to sell certain interests in Wyoming and Oklahoma.

The package includes 36,800 gross acres (12,900 net) held by production and 1,200 gross term acres (460 net). The properties are in House Creek and Pheasant fields in the Powder River Basin; Bonanza, Homestead and Rattlesnake fields in the Big Horn Basin; and East Calumet Field in the Anadarko Basin.

Assets include 211 producing wells and 82 injectors, most in two large nonoperated units.

Current net production is 325 barrels of oil per day (99% oil). Total net proved reserves are 2.6 million barrels of oil (1.8 million barrels proved producing). Projected cash flow for the 12 months following the effective date is $5.1 million.

Upside includes 10 proved developed nonproducing behind-pipe opportunities and 23 proved undeveloped locations in Wyoming.

The data room is open. The bid due date is June 23. The effective date is July 1. Contact Harrison Williams, 713-951-9586, hwilliams@albrechtai.com.