Marketed: Pivotal Petroleum Partners D-J Basin Nonop, Mineral Assets

Pivotal Petroleum Partners LP retained Eagle River Energy Advisors LLC for the sale of certain nonoperated working interest and mineral assets and associated lands across Colorado’s Weld County within the D-J Basin

Hart Energy Staff

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.

The offering includes producing assets with 150 boe/d net production from the Niobrara and Codell shale formations and a $1.3 million annualized cash flow plus 80 existing PDP wells spread across Weld County. Operators include Extraction Oil & Gas, PDC Energy, Occidental Petroleum, Chevron, Fundare Resources and Verdad Resources.

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.

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