Marketed: Ballantyne Oil Operated Williston Basin WI Opportunity

Eagle River Energy Advisors LLC has been exclusively retained by Ballantyne Oil LLC to divest certain operated working interest assets in Bottineau County, North Dakota.

The assets provide the opportunity to acquire a 100% oil-weighted production stream of 428 net boe/d. Additionally, this package has stable production with an average well age of 9.7 years over 103 PDP wells, with over 100 potential PUD locations being economic in current price environment. Lastly, this asset has a PDP PV-10 Value of $23.6 million as well as a next 12-month (June 2022-May 2023) net cash flow of $8.7 million.

Bids for the Ballantyne Oil acquisition opportunity on July 13. The transaction effective date is June 1. A virtual data room will be available starting May 16 For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.