The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Confluence Resources is offering for sale certain operated and nonoperated assets including minerals and ORRIs in core D-J Basin. A rare opportunity to acquire strong PDP cashflow with dozens of operated “drill-ready” locations and NRI’s >85% in many cases.
Asset Highlights:
- Premier leasehold and mineral position with 18 operated and 7 non-operated producing horizontals. Tier 1 well performance in multiple Niobrara benches and Codell.
- 8,400 BOE/D September net production (81% liquids) from diversified commodity mix
- September 2022 PDP net cashflow of $15.0MM (99% from operated horizontals), NTM PDP net cashflow forecast of $102MM.
- 3,628 net leasehold acres (~94% HBP) and 338 net royalty acres in minerals. 55% of leasehold has overriding royalties averaging 6.6%.
- Production from 38 operated "drill-ready" locations in Weld County adds 18,900 net BOEPD and $34MM/month operating cashflow by September 2023.
For more information, visit meagheradvisors.com or contact Nick Asher at nasher@meagheradvisors.com or 303-721-9781.
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