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Edge Energy II LLC is offering for sale a 7 well package located in Weld County, Colorado. Lot# 107302 includes operations in the 7 wells, as well as a 6-month average 8/8ths production of 66 bbl/d and 54 mcf/d and a 6-month average net production of 53 bbl/d and 44 mcf/d. More information about the offering can be found below. The seller has retained EnergyNet as its exclusive advisor relating to the transaction.
- Operations in 7 Wells:
- Avg WI ~92.19% / Avg NRI ~74.07%
- 6-Month Average (December 2022 - May 2023):
- 8/8ths Production: 66 bbl/d and 54 mcf/d
- Net Production: 53 bbl/d and 44 mcf/d
- 12-Month Net Income: $79,349/Month
- 5,485.44 Net Leasehold Acres
This is a sealed bid property on EnergyNet.com, Lot# 107302. Bids are due August 30, 2023 at 4:00 pm CDT. For complete due diligence information on this property, please visit http://www.energynet.com or email Emily McGinley, Director, at Emily.McGinley@energynet.com or Jessica Scott, Buyer Relations, at Jessica.Scott@energynet.com.
2023-09-25 - For the upcoming week, Stratas Advisors expects oil prices to be under pressure and may test $90 again, with the price of Brent not able to break through $95 last week.
2023-10-19 - Japan is urging Saudi Arabia and other oil producing nations to increase supplies to stabilize the global oil market as rising fuel prices amid the Israel-Hamas conflict threaten to impact the global economy.
2023-10-24 - Where oil prices go next depends on how current geopolitical conflicts play out.
2023-09-21 - Stratas Advisors still holds the view that oil prices will not break through $100/bbl this year.
2023-11-20 - With OPEC+ meetings in Vienna on Nov. 26, Saudi Arabia remains the de facto head of the group — and a wildcard.