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