The following information is provided by LandGate Corp. All inquiries on the following listings should be directed to LandGate. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
LandGate has been exclusively retained to market mineral interest in a 7,419 gross-acre ranch totaling 6,299.73 net mineral acres in Wyoming’s Campbell County.
Approximately 981.78 NMA are producing (HBP) as part of the Bone Pile and Breen Minnelusa Units. The minerals generated $5,000/month on average over the past seven months. Monthly royalty checks are about $6,000 at $40 oil. The remaining 5,317.95 NMA (6,300 gross acres) are open (un-leased) for all formations.
There are 14 permitted Drilling Spacing Units with over 448 permitted well locations in the Parkman (56), Sussex (56), Mowry (112), Turner/Frontier (48), Muddy/Newcastle (55) and Niobrara (112). Proven 1 & 2-mile horizontal Parkman and Sussex wells (Ballard Petroleum & Devon) southwest of position. Nearby Parkman wells are producing between 170,000 and 288,000 bbl over the first 24 months of production (GDU FEDERAL 14-5 PH & GDU 11-5B PH - Ballard Petroleum).
The SEMZ-11X well hit 65 ft of oil pay in the Cretaceous sandstones of the Bahariya and Abu Roash G formations, the company said in a news release.
Check out the latest oil and gas drilling activity highlights across the U.S. including a Marcellus discovery announced by Chesapeake Energy in Pennsylvania’s Bradford County plus the two strongest Haynesville Shale wells drilled to date in North Louisiana.
Canada has underestimated methane emissions from its abandoned wells by as much as 150%, while official U.S. estimates are about 20% below actual levels, according to the study published in Environmental Science and Technology.