Eagle River is pleased to announce our recent engagement on behalf of Production Energy Partners (PEP), a portfolio company of Fulcrum Energy Capital, relating to the potential divestiture of overriding royalty interest assets in the Williston Basin of North Dakota, and the Powder River Basin of Wyoming.  This opportunity is being sent to a limited buyer pool given the size and nature of the assets.

Eagle River successfully facilitated a sale of a similar set of ORRI assets on behalf of PEP in September 2020.  PEP is looking to replicate the outcome of our previous engagement and anticipates using the proceeds from this proposed transaction for capital projects in both the Flat Lake and Rocky Point Fields.

The assets offer the potential investor the opportunity to acquire conventional, shallow-decline oil production with ~$200K Forecasted Cash Flow for 2021.

Assets are diversified across 36 PDP wells with overriding royalty interest in the Flat Lake Field in Montana, the Sherwood Field in North Dakota, and the Rocky Point Field in Wyoming.  This is a great opportunity to partner with an operator with significant experience operating legacy conventional oil fields in the Rockies.

Asset Highlights:

  • Producing wells with ORRI: 36
    • All wells are operated by Seller with 3.2% average ORRI being delivered
  • ~400 gross Boe/d (Jan 2021 forecast)
  • ~$200K Forecasted Cash Flow for 2021
  • Low-decline production profile diversified across three fields: Flat Lake Field, MT, Sherwood Field, ND, Rocky Point Field, WY

Offers are due by 4:00 pm MT on Tuesday, March 2nd.