Lincoln Energy Partners

Transaction Type
Sellers
Marketers
Basin
Williston Basin
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

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.

Lincoln Energy Partners retained Eagle River Energy Advisors LLC to divest or solicit a joint venture partner for its operated working interest assets located in the Williston Basin of Dunn County, N.D.

Asset Highlights

  • Roughly 8,667 net acres (81.3% 8/8ths net revenue interest) across 11 operable drill-spacing units (DSUs)
    • Eight- to 1,280-acre / Three- to 2,560-acre DSUs
  • Opportunity to drill 115 horizontal wells (eight wells per section) in the Middle Bakken and Three Forks Formations
  • Attractive Bakken drilling economics in current commodity price environment with EURs of 730,000 barrels of oil equivalent (boe) with $6.8 million drilling and completions (D&C) yielding internal rate of returns of about 36%
    • About 21.2 million boe / $22.6 million PV-25 Proved Bakken reserves (73 wells)
  • Significant probable resources potential in the Three Forks Formation

Bids are due Feb. 21. For information visit eagleriverholdingsllc.com or contact Austin McKee, managing director of Eagle River, at AMcKee@EagleRiverEA.com or 303-832-5128.