~$622,000/mn Forecasted Net Cash Flow Royalty Income

Property for Sale

Property Information

  • Bid Date: December 12, 2018
  • Effective Date: November 01, 2018
  • Closing Date: TBD
  • Area Size:  
  • Type of Basin: DJ Basin Williston

Executive Summary

Eagle River Energy Advisors, LLC has been exclusively retained by a Private Seller for the divestiture of mineral interest assets located in the DJ Basin of Colorado & Wyoming and the Williston Basin of North Dakota.

Property Description

2018 Development Producing Significant Cash Flow

  • ~498 BOED net forecasted production (Nov 2018)
  • ~$622,000/mn net forecasted cash flow (Nov 2018)
  • Significant 2018 development with 95 wells brought online YTD by EOG Resources, Extraction Oil & Gas, PDC Energy and others
  • Near-term cash flow anticipated from 92 DUC wellbores across the asset

Diversified Mineral Positions in the Williston and DJ Basins

  • ~1,571 nma (1,015 CO / 497 WY / 59 ND nma) / ~2,145 net Royalty acres
  • 290 PDP wells (~0.89% RI average) / 92 DUC wells (~0.57% RI average) / 77 permits or permits in process (~0.69% RI average)
  • Diversified mineral position both regionally (Adams & Weld Counties, CO / Laramie County, WY / Williams County, ND) and operationally under top Basin operators

Engineered Reserves 

  • ~765 MBOE / $13.4MM PV-10 PDP Reserves (290 wells)
  • Stacked pay, horizontal well economics competitive with top oil & gas basins with targets in the Niobrara A, B and C, Codell, Middle Bakken and the Three Forks formations

Operators Actively Developing Position

  • Political risk of development in the DJ Basin alleviated after 2018 election
  • Active operators likely to continue development at current pace
  • Significant possibility for development of existing permits and continued permit filings from active operators

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