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

Crystal Equity Energy LLC and CEE II LLC have retained RedOaks Energy Advisors as the exclusive advisor in connection with the sale of certain non-operated working interest properties and an equity interest in a midstream entity located in the Williston Basin.

Crystal Equity Energy
(Source: RedOaks Energy Advisors)

Asset Highlights:

Bakken Non-Op:

  • Opportunity to acquire non-operated WI across several sections in Williams County, ND
  • Diversified PDP base with a seasoned production profile across 45 producing Hz wells
    • Avg. WI | NRI: 11.7% | 9.2%
  • PDP PV-10: $5.6 million
  • NTM PDP net cash flow: $1.3 million
  • Partnered with well capitalized, proven Williston Basin operators: Zavanna, Petro-Hunt and Chord

Midstream Equity Interest

  • Opportunity to acquire a minority equity interest (~12.1%) in 1804, LTD, also known as the Flatirons Midstream Spring Brook System ("Spring Brook").
  • Located near Williston in Williams County, Spring Brook is a gas gathering and processing system operated by Flatirons Midstream with a capacity of 63,000 mcf/d.
  • In addition to traditional gathering and processing, Spring Brook has a centralized gas lift design that provides producers with high pressure, dry gas sourced from the tailgate of the plant.

Bids for this lot are due on July 13 at 12:00 p.m. CDT. For complete due diligence information on this property, please visit redoaksenergyadvisors.com or email David Carter, partner, at david.carter@redoaksadvisors.com.