Strategic Pipeline Income Fund Acquires Bakken Shale and Eagle Ford Shale Assets
Strategic Pipeline Income Fund has purchased working interests and overriding royalty interests in 13 Bakken and 2 Eagle Ford Shale horizontal wells and affiliated pipeline infrastructure.
The thirteen Bakken wells are located in Mountrail County, North Dakota and are operated by EOG Resources. The 13 wells have a combined average daily production of 1,719 BOPD and 2,110 MCFD, across 1280 acres with an average depth of 20,000 feet.
The two Eagle Ford wells are located in Gonzales County, Texas and are operated by Lonestar Operating. The 2 wells have a combined average daily production of 678 BOPD and 250 MCFD with an average depth of 20,000 feet.
Strategic Pipeline Income Fund and its general partner NEP Midstream and Royalties believe that over the next decade the return on investment for U.S. oil and natural gas assets will continue to outperform traditional asset classes with additional in-house investments made over the next several years.