ZAP Minerals LP

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

ZAP Minerals LP has retained Tudor, Pickering, Holt & Co. to sell certain mineral and royalty interests in East Texas. The package includes deep rights only to 20,000 acres prospective for the Haynesville shale in Shelby County, with additional targets including Bossier shale and Haynesville Lime (Smackover). Approximately 7,000 acres involve both mineral rights and an average 17% royalty; 9,000 acres involve an average 6% royalty only; and 4,000 acres have an average 1% royalty interest involving Joaquin units. All acreage is held by shallow production. Rights below the Cotton Valley trend are being offered. Other operators are testing horizontal wells in the area. The bid due date is Oct. 8. Contact Ward Polzin, 303-882-6229, wpolzin@tudorpickering.com.