DW Partners, LP is marketing 9,488 net acres
of non-op assets targeting the Bakken and Three Forks plays in the
Williston Basin with average 12.2% WI and production of 1,966 boe/d. The
assets hold total net reserves of 91 MMboe (77% oil) with PV10 of ~$540
million at strip pricing. Evercore has been retained to assist in the
sale, which DW Partners is conducting on behalf of its affiliate DW Slate, LLC.
One month later, from the NDIC hearing dockets back in March, 2017, supplement to Thursday, March 23, 2017, docket:
Mar 23, 2017 - Case No. 25708: Application of DW Slate LLC for an order amending the field rules for the. Eagle Nest-Bakken Pool, Dunn County, ND, to create and establish the following: (i) a 320-acre spacing unit comprised of the E/2E/2 of Sections. 16 and 21, T.148N., R.95W., authorizing the drilling of a total not to exceed two wells on said proposed 320-acre spacing unit, and (ii) an overlappiogn 1600-acre spacing unit comprised of all of Sections 15 and 22 and the E/2E/2 of Sections 16 and 21, T.148N., R95W., authorizing the drilling of a total not to exceed two horizontal wells on or near the section line ...
Austin real estate developer Forestar Group
is selling its oil and gas assets targeting the Bakken and Three Forks
in North Dakota for $59.5 million. Buyer DW Slate, an affiliate of New
York alternative asset manager DW Partners, is getting 9,000 net acres
(56% HBP) and an average 8% WI in ~140 producing wells primarily located
on the Fort Berthold Indian Reservation near Parshall field. DW
Partners was spun off from European hedge fund...
$60 million / 9,000 net acres = $7,000
Forestar
was also not found at the NDIC "well search" site. So, I don't see
either of these as operators; they hold "interests" in mineral acres in
North Dakota.
A DW Slate, LLC, has this address: 590 Madison Avenue, NY, NY 10022.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.