Eagle River Energy Advisors LLC has exclusively been retained by Ritter, Laber & Associates Inc. / Pilot Energy Group to divest certain nonoperated working interests and associated acreage in the Williston Basin.
The assets provide the opportunity to acquire an oil-weighted production stream of roughly 200 boe/d of net production as invest a significant amount of capex in near-term wells in form of 41 DUCs and 32 permitted / confidential status wells, according to Eagle River. The firm added that the package is highly diversified by well count, well vintage, commodity and operator with locations spread across multiple counties in North Dakota and Montana.
Bids for the acquisition opportunities with Ritter, Laber & Associates Inc. / Pilot Energy Group referenced are due April 15. The effective date of the transaction is April 1. A virtual data room is available. For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or email@example.com.