Marketed: White Rock Oil & Gas Operated, Nonop Michigan Asset

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Description

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 exclusively retained by White Rock Oil & Gas LLC to divest certain operated and nonoperated working interest assets in Michigan.

The assets provide the opportunity to acquire a mostly oil-weighted production stream of 87 net boe/d. Additionally, this package has 2,586 net acres well diversified over 29 PDP wells, with a low operating cost of $17.72/boe, Eagle River said. Lastly, this asset has a PDP PV-10 value of $7.1 million as well as a next 12-month forecasted net cash flow of about $1.6 million.

Bids are due by 4 p.m. MT on Nov. 18. The transaction effective date is Nov. 1. A virtual data room will be available starting Oct. 21. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com

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