Marketed: Salt Creek Oil and Gas Nonop Williston Basin Assets

Salt Creek Oil and Gas LLC retained Eagle River Energy Advisors LLC  for the sale of certain nonoperated working interest and overriding royalty interest (ORRI) spread across the heart of the Williston Basin in North Dakota.

Provided by Eagle River Energy Advisors

Eagle River Energy Advisors LLC has been exclusively retained by Salt Creek Oil and Gas LLC to divest certain nonoperated working interest and overriding royalty interest (ORRI) in North Dakota.

The assets provide the opportunity to acquire a significant oil-weighted production stream that generated $1.1 million of trailing 12-month net cash flow from 64 boe/d of net production, Eagle River said. Additionally, this package is diversified by well count, well vintage, commodity and operator with locations spread across the heart of the Williston Basin in North Dakota. Lastly, this asset provides 453 net lease acres and 423.74 net royalty acres across 18 DSUs with a high net revenue interest ratio on working interest wells of about 87%.

Bids for the opportunity with Salt Creek Oil and Gas are due at 4 p.m. MT on Aug. 9. The transaction effective date is Sept. 1. A virtual data room will be available starting July 11 For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.

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