Marketed: Merit Energy Powder River Basin Waterflood Asset

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.

Merit Energy Co. retained Detring Energy Advisors to market for sale its 100% operated producing properties, leasehold and related assets located in Campbell and Crook counties, Wyo.

According to Detring, the assets offer an attractive opportunity to acquire high-margin, low-decline, 100% oil waterflood properties generating about $8 million of annual cash flow, with multiple economic development projects including waterflood optimization, operational efficiencies and development and infill drilling.

Process Summary:

  • Evaluation materials available via the Virtual Data Room Jan. 29
  • Proposals due Feb. 26

For information visit detring.com or contact Melinda Faust at mel@detring.com or 713-595-1004.

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