The following information is provided by Energy Advisors Group Inc. (EAG), formerly PLS Divestment Services. All inquiries on the following listings should be directed to EAG. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Energy Advisors Group Inc. (EAG) has been retained to assist a private company in upstate New York with real estate holdings and oil and gas to assist them in developing their properties in North Dakota.

Highlights:

  • McKenzie County, N.D., Development
  • 8,500 Gross Acres. Five Proved Undeveloped (PUD) Locations; Four Current Proved Developed Producing (PDP) Wells
  • Williston Basin.
  • Multipay. Seven Structures. Five Already Productive
  • Bakken, Duperow, Madisin and Red River
  • 25-30 Sq Miles of 3-D Seismic (2006)
  • Acreage Offset By Cobra Oil & Gas Co., Prima Exploration Inc., Sinclair Oil Corp., Continental Resources Inc., Peregrine Petroleum LLC;
  • 100% Operated Working Interest and 80% Net Revenue Interest
  • Current PDP Production: 40-50 barrels per day (bbl/d) of Oil
  • Some Horizontal Recompletions
  • Also Unconventional Drilling Applicable
  • Most of the Current Wellbores Have Seven Inch Casing
  • Expected Initial Production: 200-250 bbl/d of Oil
  • Drilling and Completion Vertical Costs: $1,800,000-2,200,000 per Location
  • PUD Net Reserves: ~1.1 MMbbl & 1.4 Bcf
  • PUD PV-10 Value: about $8,627,000
  • BLM and State Leases. Half of Area HBP.
  • Seeking Development Capital
  • One Idea Capital Raise: Fund 100% Working Interest Development To Earn 75%
Williston Basin Development Project Asset Map (Source: Energy Advisors Group Inc.)

EAG has also engaged a technical firm, Craig Davis (713-922-2200), to assist in the geological and engineering presentation for this prospect.

Click here to view the online data room or visit energyadvisors.com/deals to view our other 30-plus assignments. For more information, contact Steve Henrich, director with EAG, at shenrich@energyadvisors.com or 713-600-0123.

Onshore