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.
U.S. Energy Development Corp. (USEDC) retained Eagle River Energy Advisors LLC to divest certain nonoperated working interest wellbore only assets in the Williston Basin of North Dakota and Montana.
The assets provide the opportunity to acquire a highly diversified production stream by well vintage and operator. They are producing approximately 77 net boe/d (76% oil) at a shallow 11% decline rate, and there is upside potential with 15 PDSI wells. Next 12-month cash flow is projected to be about $1.3 million.
Bids are due by 4 p.m. MST on Sept. 14. The transaction is expected to have an Aug. 1 effective date.
A virtual data room will be available beginning Aug. 9. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or email@example.com.