Elk River - Midland Basin Divestiture 2017

Elk River Resources, LLC ("Elk River") is offering for sale select non-operated Midland Basin assets (the "Properties"). BMO Capital Markets has been retained as exclusive financial advisor to Elk River.

Overview

  • Opportunity to acquire ~715 highly economic net acres in the Permian Basin located in Martin, Glasscock, and Midland counties, Texas
  • Forecasted net production of ~550 boe/d (December 2017E)
  • Position operated by leading operators including Hunt and Parsley
  • 4 active rigs on the asset with 22 wells AFE’d in the last 6 months
  • Recent and continued improvement in well performance driven by completion optimization
  • Properties benefit from low cost, proven development opportunities targeting the Lower Spraberry, Wolfcamp A, and Wolfcamp B formations providing over 200 proven undeveloped locations
  • Very active on-lease and offset area development drilling and permitting

Contacts

Please email the signed Confidentiality Agreement to elkriver.non-op@bmo.com

Contact Chelsea Neville at +1 713-546-9703 or any of the above individuals with questions.