Bid Date: August 20, 2019 | Effective Date: July 01, 2019


Diversified Overriding Royalty Position

  • ORRI in ~15,420 net acres across 104 DSUs (100% HBP)
  • 471 PDP wells provide stable & diversified production profile
  • 43 wells drilled/year on Seller’s assets for the last 10 years

Compelling Drilling Economics

  • Significant remaining reserves with 1,200 – 1,500 MBoe EURs from multi-bench development in the core acreage
  • Economic development of the Bakken, Three Forks and Three Forks 2nd Bench yield IRRs >100%

Proven Multi-Bench Development

  • 500+ remaining, economic drilling locations provide over a decade of potential development in the Bakken and Three Forks
  • Successful 2nd bench Three Forks delineation across position
  • Additional, unquantified 3rd bench Three Forks resources potential

ORRI Position Under Active Operators

  • Portfolio operators include Continental, ConocoPhillips, EOG, Hess, Marathon, Slawson and WPX
  • Portfolio operators actively permitting & drilling with 27 of 58 active rigs in the Basin

Agent Details

Asim Baloch

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