The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Cowry Enterprises retained the Oil & Gas Asset Clearinghouse to market for sale its operated working interest in Montana’s Richland County.

Highlights:

  • Operated Working Interest in 15 wells
    • 76.4% Working Interest / 62.7% Net Revenue Interest average ownership
  • Nonoperated Working Interest in three wells
    • 24.7% Working Interest / 20.2% Net Revenue Interest in one active well
  • 2,140 net acres
  • Stable Production and Cash Flow
    • 72 bbl/d of oil / 149 Mcf/d average gross production (February 2021 - July 2021)
    • $36,537 / month average net cash flow (April 2021 - July 2021)
      • $662,000 Next 12-month Operating Income
    • PDP PV-10: $2.6 million; PDP Net Reserves: 264,000 boe (79% liquids)

Bids are due Dec. 2. The transaction is expected to have an effective date of Nov. 1.

A virtual data room is available. For information visit ogclearinghouse.com or contact Tyler Post at tpost@ogclearinghouse.com or 972-736-5814.

Onshore