Marketed: Wasatch Energy Management Non-operated WI in Utah
Description
Wasatch Energy Management has retained EnergyNet for the sale of non-operated working interest and royalty opportunities in Duchesne and Uintah counties, Utah. The lot# 114136 package includes a net production of 761 boe/d as of October 2023.
Opportunity highlights:
- Active Duchesne and Uintah Counties, Utah Position
- Opportunity to acquire non-operated working interest ownership within an active, developing area in the Uinta Basin
- Average WI of ~9.6% in 40 actively producing horizontal wells
- Net production of ~761 boe/d (~90% oil) as of October 2023
- Concentrated position in Duchesne and Uintah Counties underneath leading Basin Operators XCL Resources and Uinta Wax
- Stacked Upside
- Additional 13 permitted locations within the units
- Further 76 stacked upside locations following in-basin development design
- Predictable Production, Opex, and Cash Flow:
- PDP net production of ~761 boe/d (~90% oil) as of October 2023
- Favorable midstream contracts with sufficient takeaway capacity, no MVCs, no drilling commitments, and market rates
- PDP NTM cash flow of ~$9.2 MM at current strip pricing
- Ownership is all depths, no depth restriction.
Bids are due Feb. 21 at 4 p.m. CST. For complete due diligence, please visit indigo.energynet.com, or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.