Marketed: Slawson Exploration Nonop Working Interest, ORRI

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 has been exclusively retained by Slawson Exploration Co. Inc. to divest certain wellbore only, nonoperated working interests and overriding royalty interests (ORRI) in North Dakota, Montana, Wyoming and Colorado. The nonop working interest and ORRI opportunity includes assets in the Williston, Powder River and Denver-Julesburg (D-J) basins.

Overview:

• Significant Oil Weighted  Production Base
  • ~963 boe/d net production (TTM)
  • Oil weighted production (Oil 59% / Gas 29% / NGL 21%)
  • $11.3 million annualized cash flow (TTM)
  • Wellbore only interest in over 950 PDP wells
• Highly Diversified Assets
  • Asset diversification across multiple counties in North Dakota, Montana and Wyoming
  • Stable production created by wide-ranging well vintages
  • 95% of wells producing 2+ years
  • Producing from world class reservoirs
  • 89% from the Bakken and Three Forks
  • Multiple experienced operators including Burlington Resources (ConocoPhillips), Continental Resources, Marathon Oil, Oasis Petroleum, Ovintiv, Petro-Hunt, Whiting Petroleum, WPX Energy (Devon) and XTO Energy
  • Operational upside with 80 PDNP wells and six DUCs
• High Margin Production
  • Low lifting cost leading to high margin production
  • $5.50 per boe (TTM)
  • High Margin net cash flow
  • $32 per boe (TTM)
  • Majority of wells have an ORRI
  • 240 ORRI only wells

Bids are due at 4 p.m. MT on March 31. The effective date of the transaction is May. 1.

A virtual data room will be available starting March 1. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.