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Basin Oil & Gas and Cobra Oil & Gas

Leasehold Assets in Williston Basin
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.
Total Net Acres ~9,300 Net Acres
DSUs > 50 DSUs
Middle Bakken PUDs > 100 Horizontal Middle Bakken PUD Locations
Middle Bakken Type Curve EUR 810 MBOE (2-Mile) / 1,110 MBOE (3-Mile)
Drilling Econ *
2-Mile:188% IRR / 3.3X ROI and 3-Mile: 200% IRR / 3.6X ROI
*Economic assumptions: $75 WTI and $2 Henry Hub, 80% NRI, -$5 Oil Diff, -$1 Gas Diff and D&C of $7.5MM for 2-mile and $9.0MM for 3-mile
Effective Date: November 1, 2024
VDR Access: November 20, 2024
Bids Due: December 11, 2024

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