Slawson Exploration Co. Inc.

Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
MM
Description

Slawson Exploration Co. Inc. has retained Meagher Energy Advisors to sell multi-zone oil assets in the Wyoming Powder River Basin.

The package includes 62% to 100% working interest (77% net revenue interest) in 15,000 gross consolidated acres (9,600 net acres) in Converse and Natrona counties. The operations target the Dakota, Frontier, Niobrara and Mowry horizontal resource plays. The majority of acreage is federal and held by production by Cole Creek Unit operations.

Gross production from 11 operated wells is 100 barrels of oil per day.

Local infrastructure is in place for future development. A horizontal Dakota well is permitted with a planned spud date in May. Upside includes numerous drilling locations within the acreage block and vertical well opportunities in the Muddy area. CO2 flooding potential exists in the Dakota, Shannon and Lakota formations.

The bid due date is May 5. The effective date is April 1. Contact Julia Foster, 303-721-6354 ext. 229, jfoster@meagheradvisors.com.