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.
Eagle River Energy Advisors LLC exclusively retained by Midwest Energy LLC to divest certain mineral, lease and overriding royalty interest (ORRI) assets and associated development rights in the STACK play of Oklahoma.
The assets provide the opportunity to acquire a diversified revenue stream with varying well vintage and locations spread across the STACK play with basin-leading operators. The PDP assets are forecasted to produce approximately 66 net boe/d (53% liquids) from the Woodford, Mississippian and other formations in January and forecasted 2022 full-year cash flow is anticipated to be about $600,000 from the PDP wells. There is additional near-term upside in this package with 21 DUCs, 72 permitted/proposed locations and 500+ identified undeveloped locations.
Bids for the opportunity with Midwest Energy LLC referenced in this press release are due Jan. 27.
The effective date of the transaction is Dec. 1. A virtual data room will be available starting Dec. 17. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or email@example.com.
2022-12-06 - Oil cartel will take its time to evaluate impact of the EU’s ban on seaborne imports and the G7’s $60/bbl price cap for Russian crude.
2022-12-06 - Russian oil caps, OPEC+ inertia and new data challenges hopes that the Fed might slow the pace and intensity of its rate hikes
2022-12-05 - So far, Russia's ESPO oil blend was selling for around $79 a barrel in Asian markets on Dec. 5, almost a third higher than the new price caps.
2022-12-05 - Stratas Advisors considers the Brent crude outlook following OPEC+'s decision to reduce crude supply by 2 MMbbl/d, along with the $60 price cap on Russian oil implemented by G7 countries, the European Union and Australia.
2022-12-05 - Freeport LNG has missed its U.S. LNG export facility restart date several times since June 2022.