Marketed: Operated Working Interest in Weld County, Colorado

The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Nickel Road retained Oil & Gas Asset Clearinghouse to market for sale its operated working interest in Colorado’s Weld County located within the western Wattenberg Field oil rim.

Highlights:

• Operated working interest in three producing wells
  • 65.5% working interest / 53.0% net revenue interest (before payout)
• Nine PUDs with approved permits
  • 62.9% working interest / 50.9% net revenue interest (before payout)
• 148 net HBP leasehold acres in 320-acre drilling and spacing unit
  • Fully approved and pooled
  • Existing surface location approved or a total of 18 wells
• Stable production and cash flow
  • 70 bbl/d of oil, 76.5 bbl/d of NGL and 727 Mcf/d of gas average gross production (January through June)
  • $89,460 per month average net cash flow (January through June)
    • $1.1 million next 12-month operating income
  • PDP PV-10: $3.8 million, PDP Net Reserves: 440,000 boe (55% liquids)

Bids are due Nov. 11. The transaction is expected to have an effective date of July 1.

A virtual data room is available. For information visit ogclearinghouse.com or contact Tyler Post at tpost@ogclearinghouse.com or 972-736-5814.