Marketed: Pine Haven Resources Wyoming Development Opportunity

Transaction Type
Sellers
Marketers
Basin
Rockies
Field
Minnelusa Fairway
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

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

Pine Haven Resources LLC retained PetroDivest Advisors to market for sale its oil and gas properties, leasehold and related assets in the Minnelusa Fairway in Wyoming’s Campbell, Crook and Weston counties.

The assets offer an opportunity to acquire (i) a fully operated, 100% oil, waterflood position with low-decline (~4%) production; (ii) substantial non-producing inventory (57 wells) primed for a return to production in the current price environment; and (iii) further infill and recompletion development potential for the Minnelusa Fairway and Muddy formation underpinned by extensive geologic data, seismic data, and production.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on June 9
  • Proposals due on July 8

PetroDivest anticipates purchase and sale agreement execution by early August and closing by mid-September. For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

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