Marketed: QEP Bakken Shale, Three Forks Asset Package

Transaction Type
Sellers
Marketers
Basin
Williston Basin; Bakken Shale/Three Forks
Announce Date
Post Date
Close Date
Estimated Price
MM
Description

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

QEP Energy Co. retained EnergyNet for the sale of Bakken Shale and Three Forks assets across multiple counties in North Dakota through an auction.

The offer includes nonoperated working interest, royalty interest and overriding royalty interest (ORRI) plus HBP leasehold and minerals.

Highlights:

  • 25.00% to 0.00493% Working Interest / 24.99% to 0.00493% Net Revenue Interest in 184 Properties (Before Payout):
    • After Payout Only Working Interest in 104 Additional Properties (76 of which have Before Payout ORRI or Royalty Interest)
    • Includes Various Additional Before Payout and After Payout Royalty Interest and ORRI
    • 272 Producing Properties | Six Active Injection Wells | Five Non-Producing Properties
    • Four Temporarily Abandoned Wells | One Abandoned Well
    • Select Operators: Burlington Resources Oil & Gas Co. LP, EOG Resources Inc., Hess Bakken Investments II LLC, Scout Energy Management LLC, Whiting Oil and Gas Corp. and XTO Energy Inc.
  • 18.75% to 0.000326% RI in 170 Properties:
    • Includes 0.00208% to 0.000012% ORRI in 20 Properties
    • 152 Producing Properties | Five Active Injection Wells | Nine Non-Producing Properties | Four Abandoned Wells
    • Select Operators: Amerada Hess Corp., Continental Resources Inc., Hess Bakken Investments II LLC and Petro-Hunt LLC
  • 1.40407% to 0.005127% ORRI in 50 Properties:
    • 44 Producing Properties | Two Non-Producing Wells | Two Temporarily Abandoned Wells | Two Abandoned Wells
  • 12-Month Average Net Income: $431,051 per Month
  • Current Average 8/8ths Production: 52,761 barrels per day of Oil and 118.575 million cubic feet per day of Gas (Includes Unit Production)
  • 1,964.84 Net Leasehold Acres
  • 7,535.46 Net Mineral Acres
  • Various Non-Producing and HBP Non-Participating Royalty Interests Covering 2,160.00 Gross Acres

Bids are due by 2:45 p.m. CDT April 25. For complete due diligence information energynet.com or email Ryan Dobbs, vice president of business development, at Ryan.Dobbs@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

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