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.
Finley Resources Inc. retained Eagle River Energy Advisors LLC for the sale of nonop Powder River Basin assets in Wyoming through an offering closing July 17.
The offer comprises certain nonoperated working interests and associated development rights in Campbell and Converse counties, Wyo.
Highlights:
- About 5,021 net nonoperated leasehold prospective to active horizontal target intervals
- 90% HBP / 10% Term
- 23 well proposals received from Anadarko/Occidental Petroleum Corp. (9), Peak Resources Ltd. (4), Devon Energy Corp. (2), Navigation Petroleum LLC (2) and others (6)
- Target intervals include the Parkman, Shannon, Niobrara, Frontier/Turner, Mowry and others
- About 62 barrels of oil equivalent per day (boe/d) net production (83 PDP wells)
- 69% Oil / 19% Gas / 12% NGL
- About $45,000 per month net cash flow (Three-month LOS average)
- Significant 2019 cash flow anticipated from 23 proposed wells or wells currently under development
- Additional upside remaining in future horizontal drilling with leasehold rights to intervals under active development
- Compelling drilling economics from multi-stacked pay intervals, achieving internal rate of returns as high as 65%
Bids are due July 17. For information visit eagleriverholdingsllc.com or contact Brian Green, managing director of Eagle River, at BGreen@EagleRiverEA.com or 832-680-0110.
Recommended Reading
Clean Energy Begins Operations at South Dakota RNG Facility
2024-04-23 - Clean Energy Fuels’ $26 million South Dakota RNG facility will supply fuel to commercial users such as UPS and Amazon.
BCCK, Vision RNG Enter Clean Energy Partnership
2024-04-23 - BCCK will deliver two of its NiTech Single Tower Nitrogen Rejection Units (NRU) and amine systems to Vision RNG’s landfill gas processing sites in Seneca and Perry counties, Ohio.
Bunge, Chevron Announce FID on Oilseed Processing Plant
2024-03-05 - Bunge Chevron Ag Renewables' facility will be used to manufacture low carbon renewable fuels from oilseed.
Shell Taps Bloom Energy’s SOEC Technology for Clean Hydrogen Projects
2024-03-07 - Shell and Bloom Energy’s partnership will investigate decarbonization solutions with the goal of developing large-scale, solid oxide electrolyzer systems for use at Shell’s assets.
Stonepeak Joins Shizen to Form Asian Onshore Wind Platform
2024-03-26 - Stonepeak will have an 80% interest in the onshore wind energy platform, with Japan-based Shizen retaining the remaining 20% interest.