Indigo Minerals II LLC has retained BMO Capital Markets to sell all of its mineral interests in the Williston Basin in North Dakota and Montana.
The package includes working interest in 2,581 net acres in lands with unleased minerals, royalty interests or full participating interests. The working interest has no royalty burden.
Net production in September was 109 barrels of oil equivalent per day. Proved reserves are 595,000 barrels equivalent (169,000 barrels proved developed producing), proved and probable reserves are 1.03 million barrels equivalent and proved, probable and possible reserves are 3.6 million barrels equivalent.
The bid due date is Nov. 17. Contact Miles Redfield, 713-546-9715, miles.redfield@bmo.com.
Recommended Reading
Entergy Picks Cresent Midstream to Develop $1B CCS for Gas-fired Power Plant
2024-09-20 - Crescent will work with SAMSUNG E&A and Honeywell on the project.
FERC Chair: DC Court ‘Erred’ by Vacating LNG Permits
2024-09-20 - Throwing out the permit for Williams’ operational REA project in the mid-Atlantic region was a mistake that could cost people “desperately” reliant on it, Chairman Willie Phillips said.
Golar LNG Enters $1.6B EPC Agreement for FLNG Project
2024-09-18 - Golar said the floating LNG vessel has a liquefaction capacity of 3.5 million tons of LNG per annum and is expected to be delivered in fourth-quarter 2027.
Bayou Midstream Secures New Equity Commitment from EIV Capital
2024-09-18 - Bayou Midstream II’s commitment from EIV Capital follows Bayou’s predecessor company's successful exit of Bakken infrastructure in 2024 to Bridger Pipeline.
Energy Transfer Says La Porte Pipeline Fire is Burning Itself Out
2024-09-18 - Analysts said they suspect that the pipeline is Energy Transfer’s Justice pipeline, and that news of the blaze has sent prices of propane and butane up since markets closed on Sept. 13.