The following information is provided by Energy Advisors Group (EAG). All inquiries on the following listings should be directed to EAG. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Energy Advisors Group (EAG) retained by Welba Peak to market its unique, expansive and de-risked Niobrara development opportunity chasing 200 million boe in a horizontal volatile oil play across three benches in Colorado’s Moffatt and Routt counties. Welba estimates it will take $188 million in original capital to develop an immediate 18 wells and applicable infrastructure. The project anticipates individual wells to come on (30-day IP, after cleanup) just under 1,000 boe/d and recover 535,000 barrels of oil and 3.6 Bcf of gas (1.135 million boe/well, 47% oil) per 10,000-ft lateral.


  • Significant Northwest Colorado Sand Wash Basin Project
  • 220-well Development Opportunity. 18-Initial Wells. 29,000-Net Acres
  • Prolific Niobrara Resource Play
  • Liquids-Rich Tow Creek, Wolf Mountain and Rangely Formations (10,200 – 10,900 ft)
  • Overpressure and Thermally Fractured Rock Offer Great Potential
  • Project De-risked By Pilot, Reservoir Modeling, Geological Studies and 2D Seismic
  • Pilot Horizontal Seven-Month Production: 93,000 barrels of oil and 300 MMcf of gas – on choke
  • Pilot Well Peak Rate of 820 bbl/d of oil and 2.9 MMcf/d of gas from 8,000-ft effective lateral
  • Single Well Drill and Complete Costs: $9.8 million for 10,000-ft lateral
  • Project Offers An Estimated IRR >100% at $60/bbl & $3.30/Mcf
  • Seeking Partners and Capital To Initiate 2+ Rig Program To Develop Project.
Energy Advisors Group Marketed Map - Welba Peak Northwestern Colorado Multi-bench Niobrara Development
(2) Well Locations: Enverus (Source: Energy Advisors Group)

Key Investment Highlights:

  • $11 million in upfront infrastructure costs (gas pipeline and saltwater disposal well) to kick off the project
  • $59 million D&C first tranche of wells (six wells on two pads)
  • $118 million D&C on next tranche of wells (12) to fill up capacity on planned gas pipeline
  • Ability to loop gas pipeline as needed when moving to full development

Bids are due in early April and the virtual data room is available at For more information email Steve Henrich, EAG director of business development and execution, at, or Alan Yoelin, EAG director and petroleum engineer, at