Gulfport Energy Corp.

Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
MM
Description

Gulfport Energy Corp. et al retained EnergyNet to sell Niobrara Shale assets in Moffat and Rio Blanco counties, Colo., through a sealed-bid offering.

The offer includes operated and nonoperated working interests in six wells plus 5,813.80 net developed and undeveloped leasehold acres.

Property Highlights:

  • Operated Working Interest in Three Producing Wells:
    • 91.660532% WI / 72.651704% NRI in the Allen 44-8-1 Well
    • 99.9013% WI / 82.57736% NRI in the Ellgen 11-10-1 Well
    • 100.00% WI / 85.50% NRI in the State 33-15 Well
  • Nonoperated Working Interest in Three Producing Wells:
    • 0.068582% WI / 0.058233% NRI (BPO) in the Diamond T Sheet 7-92 #1-26 and #2-26H Wells
    • 7.2379% WI / 6.028158% NRI in the Sheridan 11-2-1 Well
    • Operators: Matrix Oil Corp. and SWN Production Co.
  • Six-Month Average 8/8ths Production: 140 bbl/d of oil and 322 Mcf/d
  • 11-Month Average Net Income: $115,057/Month (Operated Properties Only)
  • 5,813.80 Net Leasehold Acres
    • 1,382.96 Net Developed Acres
    • 4,430.84 Net Undeveloped Acres
      • 1,906.60 Net Acres HBP
      • 2,524.24 Net Non-Producing Acres (Expires September 2019)

Bids are due at 4 p.m. CST July 18. For complete due diligence information visit energynet.com or email Ethan House, vice president of business development, at Ethan.House@energynet.com.