Eagle River Energy Advisors, LLC has been exclusively retained by Lime Rock Resources (“Seller”) to divest certain non-operated working interest assets and associated development rights in the Williston Basin of Dunn, McKenzie & Billings Counties of North Dakota.

Download Files

Teaser & CA with Exhibit

Significant Producing Assets in the Core Williston Basin
• ~17,500 net acres non-operated leasehold in the Core Williston Basin
• ~400 existing wells in Dunn, McKenzie & Billings Counties
• ~2,640 Boe/d net production (6-mn avg; Jun-20)
− 74% Oil / 16% Gas / 10% NGL
• ~$19.6MM TTM operating cash flow from existing wells (Jun-20)
• Non-operated interest in the Petro-Hunt Little Knife Gas Plant with
~$1.7MM additional TTM operating cash flow (Jun-20)
• > 84% avg 8/8ths NRI provide high-margin drilling

Stable & Diversified Position
• Diversified across 144 DSUs in three counties in North Dakota
• Position under multiple leading Basin operators: Continental, XTO, Marathon, Hess, Petro-Hunt and many others
• Flat production since 2017 as a result of ~30 wells drilled / year
• ~$12 / BOE avg lifting cost provides positive cash flow at low commodity price environments

Optimal Portfolio of Production with Upside Development
• High-quality undeveloped inventory remaining in the Core of the Basin
− Operators developing core areas during economic downturn as demonstrated by 59 wells drilled on Seller’s position in 2019-2020
− 3 drilling rigs currently on Seller’s acreage with COP (2) & WPX
• Substantial production base with sizeable undeveloped inventory provides ideal mixture of PDP reserves vs. upside
− <3 avg PDP wells / DSU with >50% of DSUs only having one well
• ~89 near-term locations either drilled or on confidential status and awaiting first sales with ~10 additional active permits


Agent Details


Quick Contact

Do not fill this field in

Do not fill this field in

Your personal data will be used to support your experience throughout this website, to manage access to your account, and for other purposes described in our privacy policy .