Marketed: HRM Resources Greater Green River Basin Gas Asset

HRM Resources III LLC retained EnergyNet Indigo as its exclusive adviser to assist with the sale of certain oil and gas properties and related assets located in the Greater Green River Basin through a sealed-bid offering closing Feb. 17.

The offering, according to EnergyNet, comprises an opportunity to acquire interests in operated and nonoperated wells along with considerable leasehold acreage in the Greater Green River Basin in Wyoming’s Sweetwater County and Moffat County, Colorado. The package also includes substantial near-term cash flow from 57 PDP wells providing reliable, long-term returns on investment.

Additionally, the contiguous acreage and well locations provide economics of scale for operations and workovers, EnergyNet said, with gas-weighted production generating about 6 MMcfe/d and a stable, low next 12-month production decline average of roughly 9% primarily from the Mesaverde Formation.

Bids are due by 4 p.m. CST on Feb. 17. The transaction is expected to close in early March with an effective date of March 1.

A virtual data room is available. For complete due diligence information visit indigo.energynet.com or email Ethan House, vice president of business development, at Ethan.House@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.