To better serve our many subscribers that are working from home during this time, we are offering digital issues of North American Oil and Gas Pipelines. Please Subscribe to ensure delivery of future digital editions. Thank you and be well.

Mainstream Investors Targets $10 Million to Fund Oil and Gas Production in North Dakota’s Williston Basin

0

Mainstream Investors LLC, a North Dakota-based private investment firm, announced on Dec. 9 that it will commit an additional $10 million toward oil and gas production in western North Dakota’s Williston Basin in 2014. The region is renowned for its Bakken formation, one of the largest shale oil reserves in North America.MAINSTREAM INVESTORS, LLC LOGO

/*** Advertisement ***/

“The need for capital in the Williston Basin is significant and is accelerating at a spectacular pace,” said Mark Anderson, president and CEO of Mainstream Investors. “With improvements in drilling and fracking techniques, operators have been able to reduce overall well costs, increase well productivity and modify their drilling programs to include more wells. This has created an even greater demand for capital. Mainstream Investors was created to help meet that demand.”

Mainstream participates in energy production through the purchase of mineral interests, leasehold interests and royalty interests, as well as through the purchase of AFEs, or “Authorization for Expenditures,” the industry’s means of invoicing non-operators for their share of drilling and completion expenses.

“The industry’s move to multi-well pads has left some leasehold owners scrambling to find capital to continue participating in infill wells,” said Mike Donohue, Mainstream’s vice president and chief operating officer. “This has sparked a trend to fewer and larger non-operators in the region. At Mainstream Investors, we look for opportunities to buy AFEs, enabling smaller investors to receive cash and eliminate future cash calls.”

Share.

Comments are closed.

Copyright Benjamin Media 2018