Operated & Non-Operated Working Interest Assets in the Green River Basin

Operated & Non-Operated Working Interest Assets in the Green River Basin


Eagle River Holdings, LLC has been exclusively retained by Vanguard Natural Resources, Inc. (“Seller”) for the divestiture of operated and non-operated working interest assets and associated development rights located in the Green River Basin of Carbon and Sweetwater Counties, Wyoming near the Wamsutter Field.


Operated Position

  • ~13 Mmcfe/d net production (83% Gas / 9% Oil / 8% NGL)
  • ~$375M net operating monthly cash flow (6-mo average)
  • ~$5.2MM forecasted operating income for remainder 2018 (March 1, 2018 effective date)

Multiple Bid Packages with Stacked Pay Potential

  • 389 gross wellbores with 45.6% average WI / 38.2% average NRI
  • ~46,303 net and ~85,202 gross acres across three (3) asset packages in the Greater Green River Basin
  • Bids to be submitted on individual packages: Hay Reservoir Unit, Wamsutter and Sierra Madre
  • Stacked pay potential with significant running room for asset development

Engineered Reserves with Significant Upside

  • ~8,515 MBOE / $33.4MM (PV10) PDP net Reserves
  • 465 identified PUD locations in the Lewis, Mesaverde (Almond Bar and Middle Almond), and Ft. Union formations
  • Additional unquantified upside in the Sierra Madre acreage with recent Niobrara and Shannon formation permitting activity

Offset Development By Leading Operators

  • Consistent development by offset Operators, such as BP, Southland Royalty and Exaro, lends support for economic development and resource delineation
  • Recent development likely stimulating the A&D market with interest in the Wamsutter region with multiple large transactions over the last 18 months

SOURCE: https://www.eagleriverholdingsllc.com/property/operated-non-operated-working-interest-assets-green-river-basin/

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