One-Page Deal Sheet
PetroShale Announces Production Acquisition in Williston Bakken
Petroshale Inc. Not Disclosed
Announced Date
October 19,2012
Effective Date
August 01,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
5
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Bakken,"Three Forks
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
PetroShale Inc.,has acquired production and proven developed reserves in Montrail County, North Dakota in the Williston Bakken. The $4.5 million purchase price is for "borehole only" production of 63 boepd, estimated proven net reserves of 172,526 boe and an IRR of 14% at $90 WTI and a $7 differential (according to an independent report by Ryder Scott dated July 11, 2012). Current differentials are running less than $5. The effective date for the transaction was August 1, 2012 and the production is 91% oil with approximately 80% of the gas being liquids.
The acquisition was funded with…
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