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Conventional oil properties For Sale located in the Powder River Basin of northeast Wyoming

  • State/Province: WY
  • Country: United States
  • Quantity: 1
  • Allow Deals: Yes
  • I Want To: Sell
  • Telephone Number: (713) 907-2003
  • Email Address: mel@detring.com
  • Listed: January 21, 2019 8:48 pm
  • Expires: 3035 days, 9 hours


Conventional oil properties For Sale located in the Powder River Basin of northeast Wyoming

Four Corners Petroleum, LLC (“FCP”) is offering for sale its operated conventional oil properties located in the Powder River Basin of northeast Wyoming. The assets consist of five operated waterfloods offering meaningful, low-decline oil production and a substantial inventory of low-risk upside opportunities. FCP has retained Detring Energy Advisors as its exclusive advisor relating to the transaction.

Asset Highlights:

· Five Operated Waterfloods Located Within the Prolific Powder River Basin

o 20,500 Net Acres

o 100% Operated

o 99% Avg. WI

o Low Royalty Burden (Avg. 17%)

o 76 Active Producers + 56 Active Injectors

· High Quality, Low-Decline Oil Production

o 640 Boed (100% Oil)

o $5MM Operating Cash Flow (Next 12 Months)

o 3.3 MMBbl Net PDP Reserves

o $30MM PDP PV10

o 7% Annual Decline

· Substantial Inventory of Low-Risk, High-Return Upside Opportunities

o Infill drilling (vertical & horizontal)

o Seismically defined drilling prospects

o Water flood optimization, expansion & reactivation

o Chemical EOR and CO2 flood opportunities

o Total Proved Reserves and PV10 of 12.8 MMBbl and $91MM, respectively

Process Overview:

· Evaluation materials available via the Virtual Data Room on Monday, September 18th

o Data room presentations available upon request

· Proposals due on Wednesday, October 18th

o Bids for the full package will be given preference by FCP

Please see the attached teaser for additional details regarding the properties and sales process.

Please contact Melinda Faust to request a confidentiality agreement, schedule a presentation, or learn more about this opportunity.

Melinda Faust

mel@detring.com / (713) 907-2003

Listing ID: 56559bbd22095ee2

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