Marketed: Welba Peak Northwestern Colorado Multi-bench Niobrara Development

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.

Bids are due in early April and the virtual data room is available at EnergyAdvisors.com/deals. For more information email Steve Henrich, EAG director of business development and execution, at shenrich@energyadvisors.com, or Alan Yoelin, EAG director and petroleum engineer, at ayoelin@energyadvisors.com.