Antelope Valley Joint Venture

Non-Op Working Interest Investment Opportunity ($1 Million)
Download FULL Prospectus

Antelope Valley Joint Venture

PROJECT

Eight Well Development Program - Powder River Basin (Core)
Campbell and Converse Counties, Wyoming

PROJECT

Antelope Valley Joint Venture

Powder River Basin (Core) – Campbell and
Converse Counties, Wyoming

The Antelope Valley Joint Venture involves the drilling and completion of eight new horizontal wells with two different operators, EOG Resources and WRC Energy, located in the prolific Powder River Basin in Campbell and Converse Counties, Wyoming. Antelope Valley is comprised of three different projects with the current status of the eight wells as follows: 1) six wells permitted, with initial holes drilled in early August 2024, and 2) two wells permitted, to drill in 2024. 

The Powder River Basin is emerging as a world class oil and gas basin, and currently has eight drilling rigs active in the basin, which is the same number of rigs currently drilling in the prolific DJ Basin in Colorado to the south.

Like the DJ Basin, the Powder River Basin is an established oil shale resource play and considered a very low geologic risk drilling opportunity in several different prospective formation targets. The “stacked” formation targets of the Powder River Basin allows a “shared risk” approach to oil and gas development. In the four different projects in Antelope Valley, there are two different formations that will be targeted: 12 Niobrara wells and 1 Frontier well.
Both of these horizontal formations (shown on the Stratigraphic Chart) already produce in the offset horizontal wells (used in the Analog Production Study), and both formations respond very well to horizontal drilling and multi-stage fracturing. The ongoing development of the unconventional resources of the Powder River Basin can be considered more of a “mining process” than a true exploration or “wildcatting” play, since the oil is already in-place, and horizontal drilling and multi-stage hydraulic fracturing can be used to extract the oil economically.

Multi-Project Development Program – Powder
River Basin (Core), Wyoming

0.568750% (Avg) Non Operated Working Interest, 0.4265625% (Avg) Net Revenue Interest (in Each Well)
– Available for $1.0MM

Project 1:

Operator EOG Resources – Four Niobrara Wells to Drill – Three of Four Wells Permitted, to Drill in August 2024

Project 2:

Operator WRC Energy – One Niobrara Well and One Frontier Well – Permits Approved, Frontier Well to Drill September 2024

Project 3:

Operator WRC Energy – Two Niobrara Wells – Permits Approved, to Drill in November 2024

VIEW SCOUT TICKET
VIEW Detailed Production Report

Antelope Valley Joint Venture

8 New Horizontal Wells – 7 Niobrara and 1 Frontier

Monthly Income Conversion Table
Download Prospectus
SCHEDULE AN ADVISOR CALL

Additional Docs

APPLICATION
CIM
Ballot

Recipient – Registrant on www.EaglenNaturalResources.com

Disclosing Party – Lexstar Energy, DBA Eagle Natural Resources

Effective Date – Date of Registration

  1. Definitions.

(a) Disclosing Party and Recipient. The party disclosing Confidential Information is referred to as the “Disclosing Party,” and the party receiving Confidential Information is referred to as the “Recipient.”

(b) Confidential Information. “Confidential Information” means all information (whether in oral, written or electronic form) relating to the business, business relationship between disclosing party and recipient, personnel, marketing, customers, finances, products or services of the Disclosing Party, and includes confidential information received by the Disclosing Party from third parties.

  1. Permitted Use of Confidential Information.The Recipient must not use the Disclosing Party’s Confidential Information for any purpose without the explicit written approval of the Disclosing Party.
  2. Protect Confidential Information.The Recipient will keep the Disclosing Party’s Confidential Information confidential, and will also cause its directors, officers, employees and agents to keep the Disclosing Party’s Confidential Information confidential. The Recipient will take all necessary steps (including those steps that the Recipient takes to protect its own information that it regards as confidential) to maintain the confidentiality of the Disclosing Party’s Confidential Information.
  3. No Disclosure.The Recipient will not disclose the Confidential Information to any third party, nor the fact that it has obtained the Confidential Information, without the explicit written approval of the Disclosing Party.
  4. Legal Compulsion to Disclose Confidential Information.If the Recipient receives notice indicating that it may or will be legally required to disclose any of the Disclosing Party’s Confidential Information, it will notify the Disclosing Party promptly in writing so that the Disclosing Party may seek a protective order or other appropriate remedy, or waive compliance with this Agreement. If a protective order or other remedy is not obtained for whatever reason, or if the Disclosing Party waives compliance with this Agreement, the Recipient will disclose no more than that portion of the Confidential Information required to be disclosed.
  5. No Transfer.The Disclosing Party retains exclusive rights to its Confidential Information, and does not grant or transfer any right or license to the Recipient, except as set out in this Agreement.
  6. Return or Destruction.Within five business days of a request by the Disclosing Party:

(a) the Recipient will return to the Disclosing Party all materials in physical form (including any notes, summaries or memoranda relating to or derived from those materials by the Recipient) that contain the Disclosing Party’s Confidential Information or, at the Disclosing Party’s option, the Recipient may certify in writing that it has destroyed all such materials permanently and confidentially; and

(b) the Recipient will certify in writing that it has destroyed permanently all materials in electronic form (including emails and including any notes, summaries or memoranda relating to or derived from those materials by the Recipient) that contain the Disclosing Party’s Confidential Information.

  1. Disclosing Party Not Liable.The Recipient acknowledges that the Disclosing Party, its directors and its officers will have no liability to the Recipient resulting from the use of the Confidential Information by the Recipient.
  2. Non‑money Remedies.The Recipient acknowledges that money damages would not be a sufficient remedy for a breach of this Agreement, and that any court having jurisdiction may grant injunctive relief for an actual or threatened breach of any of the provisions of this Agreement, in addition to any other remedy available to the Disclosing Party.
  3. Integration.This Agreement constitutes the entire agreement between the parties relating to its subject matter. No amendment or waiver of this Agreement is binding unless agreed to in writing by the parties.
  4. Governing Law.This Agreement is governed by the laws in effect in the State of Texas.