Anschutz Exploration Corp. has retained Meagher Oil & Gas Properties Inc. to sell certain interests in the Williston Basin with Bakken production.
The package includes 84% average working interest (66% average net revenue interest) in 223,445 gross acres (166,693 net) in Billings and Dunn counties, North Dakota. Assets include 21 operated wells (19 producing and two shut in). Some 23,654 net acres are developed with 143,345 undeveloped and 25,435 gross acres held by production with 2009 to 2011 expirations on the remainder.
Projected production for October is 810 gross barrels of oil (545 net) and 546,000 gross cubic feet of gas per day (369,000 net). Projected cash flow for the period is $1.4 million net.
Significant upside potential exists including multiple pay potential in addition to the Bakken, 13 proved undeveloped locations, and more than 200 undrilled locations on 1,280-acre spacing.
The bid due date is Oct. 10. The effective date is Oct. 1. The closing is expected Nov. 14. Contact Julia Foster, 303-721-6354, ext. 229.
Energy A&D Transactions from the Week of March 8, 2023
2023-03-08 - Here’s a snapshot of recent energy deals including Carrier Energy Partners' exit from the Eagle Ford Shale and Equinor's purchase of Suncor Energy's U.K. business for $850 million.
Energy A&D Transactions from the Week of Jan. 11, 2023
2023-01-11 - Here’s a snapshot of recent energy deals including Northern Oil & Gas (NOG) closed on an upsized acquisition of working interests in Midland-Petro D.C. Partners LLC and Phillips 66 $3.8 billion deal with DCP Midstream LP.
Energy A&D Transactions from the Week of Jan. 25, 2023
2023-01-25 - Here’s a snapshot of recent energy deals including Chesapeake Energy’s $1.4 billion deal to sell Eagle Ford Shale acreage in the Brazos Valley region to WildFire Energy, and Matador Resource’s $1.6 billion bolt-on acquisition in the northern Delaware Basin.
Energy A&D Transactions from the Week of Feb. 1, 2023
2023-02-01 - Here’s a snapshot of recent energy deals including Diamondback Energy completing its $1.55 billion deal to acquire Midland Basin acreage and E&P Arena Energy LLC closing its acquisition of Cox Operating LLC's interests in the Eugene Island 330 and South Marsh 128 oil blocks.
Energy A&D Transactions from the Week of Jan. 4, 2023
2023-01-04 - Here’s a snapshot of recent energy deals including Marathon's $3 billion Eagle Ford acquisition and Targa Resources Corp. deal to buy the remaining stake in the Grand Prix NGL Pipeline.