Powder River Basin Core HBP Acreage

Property for Sale

Property Information

  • Bid Date: July 24, 2019
  • Effective Date: June 01, 2019
  • Closing Date: TBD
  • Area Size:  
  • Type of Basin: Powder River Basin

Executive Summary

Finley Resources ("Seller") has exclusively retained Eagle River Energy Advisors, LLC to divest certain non-operated working interest assets and associated development rights in the Powder River Basin of Campbell and Converse Counties, Wyoming.

Property Description

Non-Operated Leasehold in the Powder River Basin

  • ~4,950 net acres of non-operated leasehold prospective to active horizontal target intervals
    •  90% HBP / 10% Term
  •  12 well proposals received from Anadarko/Oxy (7), Peak Resources (3), Navigation (2)
    •  Target intervals include the Niobrara, Frontier/Turner, and Mowry

 

Unique Opportunity with Leading Active Operators

  •  Rare opportunity to learn D&C techniques under the best operators in the Basin with leading well results
  •  Compelling drilling economics from multi-stacked pay intervals, achieving IRRs as high as >50%

 

Existing Cash Flow with Significant Upside

  •  ~65 Boe/d net production from 39 existing wells
    •  61% Oil / 25% Gas / 14% NGL
  •  Significant 2019 cash flow anticipated from 12 proposed wells or wells currently under development
  •  Additional upside remaining in future horizontal drilling with leasehold rights to intervals under active development

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