Eagle River Energy Advisors, LLC

NEW LISTING: Eagle River Energy Advisors, LLC has been exclusively retained by Basin Oil & Gas and Cobra Oil & Gas Corporation (“Seller”) to divest certain leasehold assets in Montana. The assets provide the opportunity to acquire ~10,000 Net Acres of HBP-ed leasehold across Roosevelt and Richland Counties on the Montana side of the Williston Basin.  The assets are primarily operated by top tier Williston Basin operators Kraken and Continental and are estimated to have more than 100 Middle Bakken PUD Locations across more than 50 DSUs.  Single well drilling economics of the Middle Bakken PUD locations are compelling with a 129% IRR / 3.0x ROI for 2-mile laterals and 157% IRR/ 3.3x ROI for 3-mile laterals. Lastly, the seller is excluding its existing PDP wellbores from this sale. Bids for the Acquisition Opportunities with Basin Oil & Gas and Cobra Oil & Gas Corporation referenced in this press release are due December 11, 2024. Contact the Eagle River Energy Advisors, LLC team to learn more. #oilandgas

NEW LISTING: Eagle River Energy Advisors, LLC has been exclusively retained by White Rock Energy, LLC (“Seller”) to divest certain leasehold assets in McKenzie County, North Dakota. The assets provide the opportunity to acquire 3,046 Net Acres of leasehold across McKenzie County, North Dakota in the Williston Basin.  The assets are offset by top tier Williston Basin operator Chord and are estimated to have >16 Middle Bakken PUD Locations across 4 DSUs.  Single well drilling economics of the Middle Bakken PUD locations are compelling with a 69% IRR / 4.3x ROI for 2-mile laterals and 97% IRR/ 5.2x ROI for 3-mile laterals. Lastly, 42 Middle Bakken wells have been drilled in the area offsetting sellers’ acreage since January 2022. Bids for the Acquisition Opportunities with White Rock Energy, LLC referenced in this press release are due December 9, 2024. Contact the Eagle River Energy Advisors, LLC team to learn more.

NEW LISTING: Eagle River Energy Advisors, LLC has been exclusively retained by Ovintiv Inc. (“Seller”) to divest certain operated wellbore only assets in Andrews and Martin Counties, TX. The assets provide the opportunity to acquire a 99% oil-weighted production stream of 121 net BOEPD. Additionally, this package is well diversified across 79 wells, with a high average working interest of 93.8%. Lastly, this asset has a PDP PV-10 Value of ~$3.3 MM as well as a Next Twelve-Month net cash flow of ~$0.8 MM. Bids for the Acquisition Opportunities with Ovintiv Inc. referenced in this press release are due November 4, 2024. Contact the Eagle River Energy Advisors, LLC team to learn more. #oilandgas #permianbasin

Sinclair Operated Working Interest Assets in the Arkoma Basin - SOLD

NEW LISTING: Eagle River Energy Advisors, LLC has been exclusively retained by Edge Energy (“Seller”) to divest certain non-operated working interests in the DJ Basin The assets provide the opportunity to acquire an oil weighted asset (64% oil) that will produce $923 M of cash flow over the next twelve months from 92 BOE/D of net production. Additionally, this package contains 20 PDP wells with seasoned production online for 17 months. Lastly, these assets have a robust reserve profile of 150 MBOE of reserves (58% oil). Bids for the opportunity with Edge Energy referenced in this press release are due October 9, 2024, at 4 P.M. MT. Contact the Eagle River Energy Advisors, LLC team to learn more. #oilandgas

NEW LISTING: Eagle River Energy Advisors, LLC has been exclusively retained by Iron Ridge Operating (“Seller”) to solicit proposals for an Austin Chalk development program across 8 DSUs in Jasper County, TX. The assets provide the opportunity for an investor to deploy over $100MM of capex across 8 potential development DSUs with 14 horizontal Austin Chalk locations across ~12,000 gross acres. The seller has 30+ years of experience and has D&C’d over 40 multi-lateral Austin Chalk wells in this area. The seller is seeking a partner for initial Old Hickory 1H development with options for longer term partnership. The Old Hickory 1H well is an already permitted ~10,000’ Austin Chalk lateral that has stellar drilling economics (74% IRR & 5.1x ROI) supported by offsetting Younger Unit 2H well with a 2,988 MBOE (31% oil) estimated EUR. Proposals for the Acquisition Opportunities with Iron Ridge Operating referenced in this press release are due September 4th, 2024. Contact the Eagle River Energy Advisors, LLC team to learn more. #oilandgas #austinchalk

NEW LISTING: Eagle River Energy Advisors, LLC has been exclusively retained by SOGC, Inc. (formerly Sinclair Oil & Gas Company) to divest certain operated working interest and assets in the Arkoma Basin. The assets provide the opportunity to acquire a gas-weighted production stream of 515 Mcfe/d. Additionally, this package has stable with a shallow forecast decline of ~7% and a NTM Cash Flow of $173,000. Lastly, 2,246 net acres of leasehold provides significant exposure to future development of the Woodford Shale. SOGC, Inc. (formerly Sinclair Oil & Gas Company) is a privately held, vertically integrated oil company involved in all aspects of the oil and gas industry, from exploration to marketing. Founded in 1916 by Harry F. Sinclair, Sinclair Oil & Gas Company is one of the oldest continuous brands in the oil business, with their dinosaur being one of the most recognized icons in the United States. Bids for the Acquisition Opportunities with SOGC, Inc. referenced in this press release are due August 21, 2024. Contact the Eagle River Energy Advisors, LLC team to learn more. #OilandGas #ArkomaBasin #Oklahoma

White Rock Oil and Gas Montana Williston Basin Assets - SOLD

Vaquero Permian Central Basin Platform Assets - SOLD