Elk Petroleum Aneth Field Opportunity

Elk Petroleum Aneth Field Opportunity

Elk Petroleum is offering for sale its oil and gas assets. Elk Petroleum has retained Opportune Partners, LLC as its exclusive financial advisor for the transaction.

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Resources

Elk Petroleum Aneth Field Opportunity – Executive Summary

Elk Petroleum Aneth Field Opportunity - NDA

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.