Marketed: Welba Peak Northwestern Colorado Multi-bench Niobrara Development

Transaction Type
Sand Wash Basin; Niobrara Shale
Announce Date
Post Date
Close Date
Estimated Price

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 For more information email Steve Henrich, EAG director of business development and execution, at, or Alan Yoelin, EAG director and petroleum engineer, at