DIVIDE CO., ND OPPORTUNITY
11- DSUs. ~10,952-Net HBP Acres
WILLISTON BASIN
Upper Three Forks, Middle Bakken Frmns
Opportunity Across 33-Drilling Locations.
52% IRR, 3.8x ROI Single Well Economics
78.2% OPERATED WI (~80% 8/8 NRI)
$168,000,000-Potential Capital Investment
EUR: 690.8 MBOE (~72% Oil, ~28% Gas)
Includes Existing Infrastruture In-Place
BIDS ARE DUE FEBRUARY 17, 2023
DV 6247
| Onshore |
Land Base |
| Unconventional |
Play Type |
EAGLE RIVER HOLDINGS LLC - VALKYRIE RESOURCES LLC
Deal Summary
Valkyrie Resources LLC has retained Eagle River Energy Advisors LLC to assist in the farm out of Williston Basin operated development assets in North Dakota. Valkyrie Resources will farm out 100% of its WI on a DSU by DSU basis and is seeking 1 DSU commitment (3 Hz wells) and ROFR on future DSU's.
Highlights:
-- Located in Divide Co., ND;
-- Covers 11 operated DSU's with ~10,952 total net acres (HBP);
-- Holds an average 78.2% operated WI (~80% 8/8 NRI);
-- Targets Upper Three Forks and Middle Bakken formations;
-- EUR: 690.8 MBOE (~72% oil, ~28% gas);
-- 52% IRR, 3.8x ROI single well economics;
-- ~$168 million potential capital investment opportunity across 33 drilling locations;
-- Also includes existing infrastructure in place.
To learn more contact:
Mr. Michael Stolze
Phone: 720-726-6090
Email: MStolze@EagleRiverEA.com
