NORTH DAKOTA ASSET SALE
~28,750-Net Acres. (100% HBP)
CORE BAKKEN / THREE FORKS
Nearly Contiguous Acreage Position.
20-Operated & 15-NonOperated DSUs.
300+ Undeveloped Delineated Inventory.
3 Rigs Located On Acreage.
OPERATED & NonOperated WI Available
Net Production: ~8,000 BOED (83% Oil)
>1.0 MMBOE Recoveries
Established Oil & Gas Infrastructure.
BIDS ARE DUE BY EARLY DECEMBER
PP 1568L
Onshore |
Land Base |
Unconventional |
Play Type |
RBC RICHARDSON BARR - RIMROCK OIL & GAS
Deal Summary
RimRock Oil & Gas, LP is offering for sale certain oil and gas properties located in the core of the Bakken & Three Forks play of North Dakota. RBC Richardson Barr has been retained as exclusive advisor to RimRock.
Property Highlights:
-Nearly contiguous ~28,750 net acres located in one of the most prolific and active areas of the Bakken / Three Forks plays; 100% HBP
-Robust net production of ~8,000 boe/d, projected to triple in the next 18 months with ongoing 1 operated rig and 2 XOM operated rig program
->1 MMboe recoveries generate highly compelling drilling economics; enhanced techniques and continually improving drilling efficiencies provide material upside
-300+ undeveloped inventory featuring two proven zones that are delineated with modern completion techniques across entire acreage position
-Stockpile of permits in place with additional backlog in process provides significant running room
-Established oil and gas infrastructure as the majority of acreage is pipeline-connected
CONTACT AGENT
RBC Richardson Barr
Mr. Davis English
Analyst - A&D Investment Banking
609 Main St Ste 3700
Houston, TX 77002
Phone: 713-585-3300 and Fax: and Direct: 713-585-3396 Cell: 551-655-9675
Email: davis.english@rbccm.com