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

American Standard Energy Inc. is offering for sale certain nonoperated properties in the Bakken. The company has retained RedOaks Energy Advisors as its exclusive adviser in connection with the transaction.

Key Considerations:

  • Opportunity to acquire nonoperated position concentrated in Williams and Dunn counties, North Dakota
  • Best-in-class operators including Kraken Resources, Marathon Oil, XTO Energy, Chord Energy and Grayson Mill Energy
  • Next 12-month PDP cash flow: $2.1 million​
  • PDP PV-10: $6.9 million
  • Near-term development with substantial remaining inventory: 5 DUCs (PV-15: $100,000)
RedOaks Energy Advisors Marketed Map - American Standard Energy Nonop Bakken Divestiture
(Source: RedOaks Energy Advisors)

Bids are due Dec. 1. The transaction is expected to have an effective date of Nov. 1.

For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.

Onshore