Authority for Expenditure
Sell Your AFEs with Eagle River!
Eagle River has closed wellbore AFE deals with ~$2.5 billion in total D&C across ~300 wellbores in 9 oil & gas basins.
Track Record of Success!
▪ Experience in multiple states with multiple operators across the States
– ~$2.5 billion of gross D&C across ~300 wellbores in 9 different oil & gas basins
▪ No Cost to the Seller
– Eagle River is compensated by the buyer
– Eagle River “buy side” clients have ~$2.0 billion of capital available to invest in non-op AFEs
▪ Quick Execution
– Eagle River typically provides offers to seller within 7 – 10 days
▪ Technical Evaluation / Proprietary Database
– In-house technical team analyzes AFE drilling economics & presents analysis to buy side clients
– Proprietary data helps buy side clients “sharpen their pencil” on offers submitted to seller
How Does Selling AFEs with Eagle River Work?
Typical timeline from receiving and AFE to PSA execution.
Value Proposition to Asset Owners
- Eagle River has consistently seen cash promotes / acquisition costs ranging from 10% – 50% of net AFE amount.
- Buyers are bidding AFE opportunities at 20-30% IRR (including cost of promote)
- Higher single well economics equate to higher cash promote / Acquisition costs payable to seller
- Acquisition prices (e.g., $3,000 – $15,000
per acre) represent substantial premium to
the acreage valuations available in the large scale A&D market
Notable AFE Transactions
Coming soon.