Ballard Petroleum Holdings LLC
Transaction Type
Sellers
Marketers
Basin
Williston
Post Date
Close Date
Estimated Price
MM
Description
Ballard Petroleum Holdings LLC has retained BMO Capital Markets to sell certain waterflood assets in Wyoming.
The package includes 79% working interest in the Gaither draw unit in Campbell County targeting the Parkman sands. The assets feature 27 wells completed and an operational central waterflood facility
Net production is projected to grow to 2,400 barrels of oil per day by 2014. Net proved reserves are 8.4 million of oil per day.
Upside includes a development plan using a line-drive pattern with vertical producers and horizontal injection wells.
The bid due date is June 7. Contact Miles Redfield, 713-546-9715, miles.redfield@bmo.com.