Windsor Farms Investments LLC is selling Denver-Julesburg (D-J) Basin royalty and well interests in Weld County, Colo., in an auction handled by EnergyNet.
Bidding is now open for the sale of D-J Basin minerals with 20% royalty in the Big Wells Field. Operators consist of Extraction Oil & Gas Inc. (NASDAQ: XOG) and PDC Energy Inc. (NASDAQ: PDCE).
The sale includes 24 horizontal Niobrara and Codell wells drilled between March and July (completion in progress), EnergyNet said.
Highlights:
- Parcel 1—about 127.39 net mineral acres;
- 24 horizontal long-reach one- and two-mile laterals drilled by Extraction Oil & Gas (completion in progress);
- Estimated first-month production for the 24 lateral drilled is 375,000 barrels of oil equivalent and 450 million cubic feet of gas, per geologist/Rampike Resources, EnergyNet said;
- Parcel 2—about 266.34 net mineral acres;
- 10 horizontal 1.25-mile laterals drilled by Extraction Oil & Gas (completion ready to start);
- Expansion acreage for 13 additional one-mile laterals by Extraction Oil & Gas;
- Parcel 3—about 266.34 net mineral acres;
- 13 long-reach laterals permits with Extraction Oil & Gas;
- Three wells spudded Nov. 20;
- Three large-scale pad sites under negotiation with recent payments by Extraction for right-of-way for 25 additional two-mile long-reach laterals;
- Two producing wells by PDC Energy; and
- Four 1.5-mile laterals permitted by PDC Energy.
The auction closes at 2 p.m. CT Dec. 1. For information visit energynet.com or contact EnergyNet's Ryan P. Dobbs at 720-459-2072.
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