The following information is provided by Eagle River Energy Advisors LLC. All inquiries on the following listings should be directed to Eagle River. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Pivotal Petroleum Partners LP retained Eagle River Energy Advisors LLC as its exclusive adviser to divest certain nonoperated working interest and mineral assets and associated lands in the Denver-Julesburg (D-J) Basin of Colorado.
Highlights:
Producing Assets in the D-J Basin
- ~150 boe/d net production (2Q 2021 average)
- Nonop and Mineral production (90% Nonop / 10% Mineral)
- $1.3 million annualized cash flow (2Q 2021)
- 80 existing PDP wells (51 Nonop / 29 Mineral)
Highly Diversified Production Profile
- Diversified production stream (36% Oil / 35% Gas / 29% NGL)
- Asset spread across Weld County
- Highly diversified production stream by well vintage
- Existing well production from the Niobrara and Codell
- Multiple experienced operators including Extraction Oil & Gas, PDC Energy, Occidental Petroleum, Chevron, Fundare Resources and Verdad Resources
Producing Assets with Additional Upside
- Near term development including seven DUCs and eight AFEd wells
- Robust 100+% type well IRRs
- Additional upside of 30 PUD locations
- Operational upside with four PDSI wells
- 167 net Nonop acres and 173 net Royalty acres
Bids are due by 4 p.m. CT on Nov. 16. The effective date of the transaction is Dec. 1.
A virtual data room will be available starting Oct. 20. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.
Recommended Reading
Belcher: How a Trump Win Could Alter Energy Transition Incentives
2024-08-29 - Some producers are starting to wonder if some of the tax incentives, grants and loans offered under the Inflation Reduction Act and Infrastructure Investment and Jobs Act, would be rolled back under a Trump administration.
US Senate Committee Probes Oil Producers on Price Collusion with OPEC
2024-06-28 - The producers the committee is probing include Exxon Mobil, Chevron, ConocoPhillips and 14 others.
Biden Administration Mulls More Alaska Drilling Protections
2024-07-15 - The BLM will take public comment on whether to update protected areas in the Western Arctic.
Hurricane Beryl Knocks Out Power as it Churns Across Texas
2024-07-08 - The energy industry braced for Beryl's impact across Texas as the powerful storm slowed refining activity and prompted the evacuation of some production sites.
Report: FTC Probes Hess, Diamondback, Oxy Over OPEC Communications
2024-07-19 - Investigators are looking for evidence that executives at Hess Corp., Diamonddack Energy or Occidental Petroleum attempted to collude with OPEC officials on oil market dynamics, according to a Bloomberg report.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.