Valkyrie Resources, LLC

Operated Farm-In Opportunity in Williston Basin

Valkyrie Resources, LLC (“Seller”) is seeking to farm-out the company’s Working Interest in 11 operated 1280-acre DSU’s for development of horizontal wells in Divide Co., ND. ~$168MM potential capital investment opportunity across 33 drilling locations. Seeking 3 HZ well commitment in single DSU (~$15MM of capex) and ROFR on balance of operated DSU’s.

Total Investment Opportunity ~$168MM
Operated DSU’s 11
Average WI / (8/8) NRI 78.2% / ~80%
Single Well Economics 52% IRR / 3.8x ROI
Type Curve EUR
500 MBO
Net Acres
10,952 Total Net Acres (HBP)
Effective Date: February 1, 2023
VDR Access: January 20, 2023 4 PM MT
Bids Due: February 17, 2023 4 PM MT