Premier Energy
Advisory Services
WHO WE ARE
Eagle River is an industry-leading oil and gas transactional advisory firm focused exclusively on the North American oil and gas sector. We specialize in middle-market engagements ranging from $5MM – $300MM in value. Our mission is to maximize value for our clients and achieve their goals in every transaction.
LATEST OPPORTUNITIES
Non-Operated Working Interest Opportunity in the DJ Basin
Asset Summary
Wells
3
Average WI% / NRI%
15.27% / 12.23%
Formation
Codell
Total Net AFE Capital
$2.4 MM
Active
Leasehold Assets in Williston Basin – Basin Oil & Gas and Cobra Oil & Gas
Asset Summary
Total Net Acres
~9,300 Net Acres
DSUs
> 50 DSUs
Middle Bakken PUDs
> 100 Horizontal Middle Bakken PUD Locations
Middle Bakken Type Curve EUR
810 MBOE (2-Mile) / 1,110 MBOE (3-Mile)
Drilling Econ *
2-Mile:188% IRR / 3.3X ROI and 3-Mile: 200% IRR / 3.6X ROI
*Economic assumptions: $75 WTI and $2 Henry Hub, 80% NRI, -$5 Oil Diff, -$1 Gas Diff and D&C of $7.5MM for 2-mile and $9.0MM for 3-mile
Active
White Rock Oil & Gas Williston Basin Leasehold Assets
Asset Summary
Total Net Acres
3,046 Net Acres
DSUs
4 DSUs
Middle Bakken PUDs
>16 Horizontal Middle Bakken PUD Locations
Middle Bakken Type Curve EUR
1,093 MBOE (2-Mile) / 1,519 MBOE (3-Mile)
Drilling Econ 2-Mile : 3-Mile
69% IRR / 4.3X ROI : 97% IRR / 5.2X ROI
* Assumes $70 WTI, $2.50 HH, D&C for 2-Mile: $8.5MM and 3-Mile: $10.5 MM
Active
Operated Conventional Assets in the Midland Basin
Asset Summary
Total Wells
79
Net Production
121 BOE/D (99% Oil)
Average WI% / NRI%
93.8% WI / 71.8% NRI
NTM Cash Flow
~$0.8 MM
PDP Reserves
~303 MBOE (96% Oil)
PDP PV-10
~$3.3 MM
Active
Non-Operated Working Interest Opportunity in the DJ Basin
Asset Summary
PDP Wells
20
Average WI % / NRI %
4.8% / 3.8%
Net Production (7/2024)
92 BOE/D
NTM Cash Flow
$923 M
PDP PV-10
$2.8 MM
Active
Austin Chalk Development Opportunity in Jasper County, TX
Asset Summary
Potential Austin Chalk Wells
14
Net Capex Opportunity
> $100 MM
Initial Investment
~$10 MM in Old Hickory 1H
2-Stream EUR MBOE
2,988 (31% Oil) MBOE
Gross Capex
$14.0 MM
Undiscounted ROI
5.1X
Active
