The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Bull Moose Royalties LLC and Whitetail Minerals LLC retained EnergyNet for the sale of minerals assets within Colorado's Denver-Julesburg (D-J) Basin through an auction ending May 7.
The offer comprises non-producing minerals including 147.7704 net mineral acres located in Arapahoe County, Colo.
Highlights:
- 6,390.64 Gross (147.7704 Net) Mineral Acres
- Subject to Current Oil and Gas Leases Expiring Fourth-Quarter 2019 thru Fourth-Quarter 2021
- 135.0076 Net Mineral Acres have Two-Year Options to Extend
- 20.00% to 17.00% Royalty Interest
- Subject to Current Oil and Gas Leases Expiring Fourth-Quarter 2019 thru Fourth-Quarter 2021
- One Offset Active Rig
- 129 Active Offset Permits:
- 13 Active | Eight Drilled/Drilling | 108 Permitted
- 66 Active Offset Wells (33 Horizontal Niobrara)
- Offset Operators include Axis Exploration LLC, Burlington Resources Oil & Gas LP, ConocoPhillips Co., Highlands Natural Resources Corp. and Legacy Oil & Gas Inc.
Bids are due by 2:55 p.m. CDT May 7. For complete due diligence information energynet.com or email Ryan Dobbs, vice president of business development, at Ryan.Dobbs@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
US Raises Crude Production Growth Forecast for 2024
2024-03-12 - U.S. crude oil production will rise by 260,000 bbl/d to 13.19 MMbbl/d this year, the EIA said in its Short-Term Energy Outlook.
NAPE: Turning Orphan Wells From a Hot Mess Into a Hot Opportunity
2024-02-09 - Certain orphaned wells across the U.S. could be plugged to earn carbon credits.
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
2024-04-25 - Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
CEO: Continental Adds Midland Basin Acreage, Explores Woodford, Barnett
2024-04-11 - Continental Resources is adding leases in Midland and Ector counties, Texas, as the private E&P hunts for drilling locations to explore. Continental is also testing deeper Barnett and Woodford intervals across its Permian footprint, CEO Doug Lawler said in an exclusive interview.
Exxon Versus Chevron: The Fight for Hess’ 30% Guyana Interest
2024-03-04 - Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.