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Harvey Minerals to Sell 310,000 Acre Undeveloped Leasehold, Producing ORRI, and Non-Op Working Interests



  Harvey Minerals to Sell 310,000 Acre Undeveloped Leasehold, Producing ORRI,
  and Non-Op Working Interests

Business Wire

DALLAS -- July 1, 2013

Harvey Ventures Group has retained Energy Capital Solutions, LLC to sell
certain non-operated oil and gas properties, producing royalty interests, and
undeveloped acreage in some of the most prolific oil and gas plays in the
United States, including the Greater Williston, Permian, Denver-Julesburg,
Powder River, Piceance, and San Juan Basins. This diverse asset package
includes interests in over 300 producing wells and over 310,000 net leased
acres, which is spread across 57 counties in ten states.

The Non-operated Properties are comprised of 85 wells (production is 53% oil &
liquids) with a blended Net Revenue Interest of 4.0%. Sixteen high quality,
major independent E&P companies operate the wells. Production increased 86%
over Harvey’s four year average due to eight wells recently drilled by Devon
Energy into the Bone Springs formation. Harvey also retained a 24.3% working
interest in over 5,600 net acres following multiple lease assignments in
Montana and New Mexico.

The Overriding Royalty Interest includes 229 wells (production is 70% natural
gas). Harvey also retained a 3.76% Overriding Royalty Interest across over
31,000 acres following multiple lease assignments in Montana and New Mexico.
Many of the E&P companies that operate the Royalty Interest wells have choked
back production from gas wells and intend to increase production once
commodity prices improve, indicating significant upside potential.

The Undeveloped Leasehold Properties include over 310,000 net acres spread
across seven states, along with HBP acreage in an additional three states.
About 72% of the acreage is located within the Greater Williston Basin, 22% is
located within the Powder River/DJ Basins and the remaining 6% is located
within the Uinta, Piceance, Permian and San Juan Basins. None of Harvey’s net
acreage is scheduled to expire prior to 2017, and more than half of the leases
have primary terms that expire after 2021. The Undeveloped Leasehold also
includes retained net acreage and Working Interests following lease
assignments to Continental Resources, Encana Corporation, Kraken Oil & Gas,
Montana Oil Properties, and Slawson Exploration.

Energy Capital Solutions has a management presentation available and an online
data room for interested parties to review the assets in more detail.

Contact:

Energy Capital Solutions LLC
Scott Trulock, 214-219-8204
Managing Director
strulock@nrgcap.com
or
David Malkowski, 214-219-8209
Director
dmalkowski@nrgcap.com
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