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.
Gulfport Energy Corp. retained Eagle River Energy Advisors LLC to divest certain overriding royalty interest (ORRI) and nonoperated working interest assets and associated lands in the Williston Basin of North Dakota in Dunn, McKenzie, McLean and Mountrail counties.
Highlights:
ORRI and Working Interest Opportunity in the Core of the Williston Basin
- 449 producing wells with ORRI
- 0.04% ORRI average
- 18 producing wells with non-operated working interest
- 2.0% Working Interest / 1.6% Net Revenue Interest average
- 61 DUC / Confidential / Permitted wells provide near-term growth
- 500+ infill drilling locations provide long-term growth
Cash Flow Stability
- ~$800M Next 12-month PDP cash flow
- Significant additional cash flow anticipated to come online in 2021-22 from 61 DUC / Confidential / Permitted wells
- Diversified well vintage shelters cash flow from high initial decline rates of new wells
Diversified Among Top Williston Basin Operators
- Assets operated by diverse set of Basin-leading operators including EOG Resources, Enerplus, Marathon Oil, Devon Energy, XTO Energy and others
- Ownership in > 100 DSUs
- Recent successful Marathon recompletions on seller’s wells with IP30s as high as 515 boe/d
- Three Forks 2nd Bench wells on and offset to seller’s assets show promising production results
Bids are due by 4 p.m. MT on Sept. 1. A virtual data room will be available starting Aug. 4.
For information contact Chris Martina, technical director at Eagle River, at 720-726-6092 or cmartina@eagleriverea.com.
Recommended Reading
E&P Highlights: March 11, 2024
2024-03-11 - Here’s a roundup of the latest E&P headlines, including a new bid round offshore Bangladesh and new contract awards.
EOG: Utica Oil Can ‘Compete with the Best Plays in America’
2024-05-09 - Oil per lateral foot in the Utica is as good as top Permian wells, EOG Resources told analysts May 3 as the company is taking the play to three-mile laterals and longer.
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
2024-03-18 - CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
CNOOC Finds Light Crude at Kaiping South Field
2024-03-07 - The deepwater Kaiping South Field in the South China Sea holds at least 100 MMtons of oil equivalent.
Orange Basin Serves Up More Light Oil
2024-03-15 - Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.