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.
Eagle River Energy Advisors LLC has been retained by Production Energy Partners (PEP), a portfolio company of Fulcrum Energy Capital, relating to the potential divestiture of overriding royalty interest (ORRI) assets in the Williston Basin of North Dakota and Montana and the Powder River Basin of Wyoming.
The assets offer the potential investor the opportunity to acquire conventional, shallow-decline oil production with roughly $200,000 forecasted cash flow for 2021. The package, diversified across 36 PDP wells, is comprised of ORRI in the Flat Lake Field in Montana, the Sherwood Field in North Dakota and the Rocky Point Field in Wyoming.
The package, which Eagle River describes as a great opportunity to partner with an operator with significant experience operating legacy conventional oil fields in the Rockies, is being sent to a limited buyer pool given the size and nature of the assets.
Bids are due at 4 p.m. MT March 2. For information contact Mallory Weaver, marketing director at Eagle River, at 720-726-6093 or email@example.com.