Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
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.
DJ Homestead retained Meagher Energy Advisors for the sale of certain operated and nonoperated assets in the core of the Denver-Julesburg (D-J) Basin in Colorado’s Weld, Adams and Larimer counties. The offering includes a “unique opportunity to acquire a substantial, high margin operated PDP position with minimal operational complexity,” Meagher said.
Highlights:
- Consolidated operational footprint with 38 operated and 121 nonoperated horizontals in Tier 1 Niobrara and Codell
- 7,500 boe/d May net production (80% Liquids) from diversified commodity mix
- May 2022 PDP net cash flow of $16.1 million (92% operated from 38 horizontals), next 12-month PDP net cash flow forecast of $135 million
- 2,721 net leasehold acres (100% HBP) and 156 net mineral acres
- Near term nonoperated undeveloped locations add 494 net boe/d and $930,000/month net cashflow by January 2023
Bids are due May 24. The transaction has an effective date of May 1. A purchase and sale agreement is expected to be executed in June.
For information visit meagheradvisors.com or contact Nick Asher, vice president of business development, at nasher@meagheradvisors.com.
Recommended Reading
Activity Offshore Norway Expected to Remain Steady in 2024
2024-01-11 - The Norwegian Offshore Directorate provided updates on 2023 activity, including 14 wildcat discoveries and eight projects going online and urging exploration in frontier areas.
ONGC’s M Field Starts Production in Bay of Bengal
2024-01-09 - ONGC’s M Field represents the second phase of the larger 98/2 Block development project which is expected to reach peak production of 45,000 bbl/d and 10 MMcm/d.
E&P Highlights: Jan. 8, 2024
2024-01-08 - Here’s a roundup of the latest E&P headlines including the second biggest deepwater gas find of 2023 and new contract awards.
Prairie Operating Acquires More D-J Basin Assets for $94.5MM
2024-01-15 - Houston-based Prairie Operating Co. is scaling its D-J Basin footprint with a $94.5 million acquisition of Nickel Road Operating LLC.
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
2024-01-12 - The oil and gas rig count, an early indicator of future output, fell by two to 619 in the week to Jan. 12, the lowest since November.