Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
The following information is provided by Eagle River Energy Advisors. 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.
Anschutz Exploration Corp. exclusively retained Eagle River Energy Advisors LLC to divest certain wellbore only, non-operated working interests in the Powder River Basin of Wyoming.
The assets provide the opportunity to acquire a balanced commodity mix stream that generated $9.0MM of annualized cash flow from 430 BOE/D of net production. Additionally, this package is diversified by well count, well vintage, commodity and operator with locations spread across the Powder River Basin. Lastly, these assets exhibit both low lifting costs (~$12/BOE) and stable production with a shallow decline of ~15% YoY.
Highlights:
- 430 boe/d net production
- Wellbore only interest in 182 gross wells (80% HZ)
- Balanced commodity mix (Oil 60% /Gas 26% /NGL 13%)
- $9 MM net cash flow (Feb. – Jul. 2022 annualized with avg. oil price $103 & avg. gas price $6.44)
- Diversified production by formation, well type, operator, and vintage
- Stable production with shallow decline of ~15% yoy
- Leading operators across the basin including EOG, Occidental, Vermilion, and Devon
- Low lifting cost
- ~$12 per BOE
- Excellent Price differentials
- $-2.62/bbl | -$0.24 /mcf | 46% of WTI (NGL)
Bids for the opportunity are due at 4:00 p.m. MT on Feb. 23, 2023. Access to the Virtual Data Room opens on Jan. 26. Requests for information should be directed to Michael Stolze, senior managing director, at mstolze@eagleriverea.com or Austin McKee, managing director, at amckee@eagleriverea.com.
Recommended Reading
CERAWeek: Tecpetrol CEO Touts Argentina Conventional, Unconventional Potential
2024-03-28 - Tecpetrol CEO Ricardo Markous touted Argentina’s conventional and unconventional potential saying the country’s oil production would nearly double by 2030 while LNG exports would likely evolve over three phases.
CERAWeek: Trinidad Energy Minister on LNG Restructuring, Venezuelan Gas Supply
2024-03-28 - Stuart Young, Trinidad and Tobago’s Minister of Energy, discussed with Hart Energy at CERAWeek by S&P Global, the restructuring of Atlantic LNG, the geopolitical noise around inking deals with U.S.-sanctioned Venezuela and plans to source gas from Venezuela and Suriname.
Exclusive: Chevron Balancing Low Carbon Intensity, Global Oil, Gas Needs
2024-03-28 - Colin Parfitt, president of midstream at Chevron, discusses how the company continues to grow its traditional oil and gas business while focusing on growing its new energies production, in this Hart Energy Exclusive interview.
Baltimore Port Closure Could Dent US Coal Export Volumes, EIA Says
2024-03-28 - Baltimore handled exports of 28 million short tons last year, making up 28% of total U.S. coal exports.
Vopak Consortium Selected to Operate New LNG Terminal in South Africa
2024-01-10 - Vopak, in a partnership with Transnet Pipelines, was selected to develop and operate an LNG terminal at the Port of Richards Bay in South Africa for 25 years.