Marketed: CUDA Energy Conventional Powder River Basin Nonop Oil Opportunity

Transaction Type
Sellers
Marketers
Basin
Powder River Basin
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

The following information is provided by Detring Energy Advisors LLC. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

CUDA Energy LLC retained Detring Energy Advisors to market for sale its large, contiguous roughly 16,500 net-acre-position in the prolific Powder River Basin in Wyoming’s Converse and Natrona counties. The assets offer the opportunity to acquire nonoperated working interest underneath a focused operator with a production base generating roughly $5 million in cash flow (next 12-month). Detring added that near-term production growth is driven by an active miscible gas flood program and exposure to horizontal development potential across multiple stacked-pay targets.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on Jan. 5
  • Proposals due on Feb. 4

For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.

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