Investment Highlights
Predictable, oil-weighted production and cash flow:
- Net production of ~4.5 MBoe/d (100% oil) from over 300 active producers and over 230 active injectors
- Low decline production supported by water and CO2 flood enhancement with relatively low ~$30/bbl lifting costs
Successful waterflood with CO2 development:
- Field has produced over 500 million barrels of oil with significant remaining opportunity (31% recovery factor)
- Aneth Unit: Phases 1-3 of the CO2 flood are completed, phase 4 in progress to continue over waterflooded wells
- McElmo Creek Unit: Recently increased compression capacity in 2024, started the C9 CO2 flood project
- Ratherford Unit: Pure waterflood unit, ability to expand flood and start CO2 flood operations
Key Dates
- VDR available early-March
- Management Presentations begin mid-March
- Bids due on April 15th
Please reach out to Dan Kohl or [email protected]
if you have any questions about the process and to schedule a data room presentation or Q&A session.
Opportune Partners LLC, an affiliate of Opportune LLP, is a member of the Opportune Network, and is a member of FINRA and SIPC.
Opportune Partners LLC is not engaged in the practice of public accountancy. Privacy and Business Continuity Plan.