Marketed: Rockall Energy Bakken, Gulf Coast Acquisition Opportunity

Rockall Energy LLC and its affiliates retained Stephens Inc. for the sale of all or portions of the company, including producing assets located in North Dakota and the Gulf Coast throughout southern Louisiana and Mississippi.

Hart Energy Staff

Rockall Energy LLC and its affiliates, including Petro Harvester Operating Co., are offering to sell all or portions of the company, including producing assets located in North Dakota and the Gulf Coast throughout southern Louisiana and Mississippi. Rockall has retained Stephens Inc. as exclusive financial adviser in connection with this transaction.

The offering includes a securely diversified PDP base with over 230 active wells across the three positions—North Dakota, southern Louisiana and Mississippi—and is highly operated with average working interest over 90%. The package also includes a low-cost workover and recompletion inventory plus large-scale development potential with more than 400 gross drilling locations. Additionally, the North Dakota acreage is located in well-delineated and proven area of the Bakken/Three Forks and the Madison (Midale).

Non-binding IOIs are due Oct. 22 with final bids due with purchase and sale agreement mark-ups on Nov. 5. Signing of the purchase and sale agreement is targeted by Nov. 29. The seller’s preference is to receive a cash offer for the company or all assets. Offers for individual assets to be considered based on valuation, Stephens said. A virtual data room is available. For information visit stephens.com or contact Keith Behrens, Stephens managing director, at Keith.Behrens@stephens.com or 214-258-2762.

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