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Anschutz Exploration Corp. retained EnergyNet for the sale of multiple Powder River Basin packages covering over 90,000 net acres in Wyoming with bids due Dec. 18.
The sale includes sealed-bid packages as well as auctions of assets in Campbell, Converse, Crook, Johnson, Niobrara, Sheridan and Weston counties, Wyo.
For complete due diligence information visit energynet.com or email Ryan Dobbs, vice president of business development, at Ryan.Dobbs@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Sealed-Bid Packages
Lot 63804: Powder River Basin Opportunity; Weston, Niobrara, and Converse Counties, Wyoming
Highlights:
- 13,914.36 Net HBP and Non-Producing Leasehold Acres:
- 100% of Oil and Gas Leases
- 8,278.81 HBP Acres | 5,625.55 Non-Producing Acres | 10.00 Term Acres
- 8,475.39 Net Federal Acres | 3,180.01 Net State Acres | 2,258.96 Net Fee Acres
- 25 Offset Rigs
- 1,551 Offset Permits
- 143 Active | 30 Completed | 254 Confidential | 216 Drilling/Drilled | 908 Permitted
- 3,989 (1,295 Horizontal) Active Offset Producers
- Select Area Operators include Ballard Petroleum, Chesapeake Operating LLC, Devon Energy, EOG Resources Inc. and Grayson Mills
Bids are due by 4 p.m. CST Dec. 18.
Lot 63711: Campbell County, Wyoming Opportunity
Highlights:
- Nonoperated Working Interest in 34 Properties (Multiple Wells):
- 34.440522% to 0.000021% Working Interest / 27.5524% to 0.000018% Net Revenue Interest
- An Additional Overriding Royalty Interest (ORRI) in 25 Properties
- Castle 10-44 is Non-Consent (After Payout Only)
- 33 Producing Properties | One Shut-In Property
- Select Operators include Ballard Petroleum Holdings LLC, Devon Energy Production Co. LP, EOG Resources Inc., Petro-Hunt LLC and Vermilion Energy USA LLC
- ORRI in Two Producing Properties (Multiple Wells):
- 0.1533% ORRI in the Waterbuck 2342-4TH Well
- 0.002172% ORRI in the Gaither Draw Unit
- Operators include Ballard Petroleum Holdings LLC and Devon Energy Production Co. LP
- Current Average 8/8ths Production: 3,796 barrels per day (bbl/d) of Oil and 2.506 million cubic feet per day of Gas
- 10-Month Average Net Cash Flow: $96,182 per Month
- 15,314.40 Net HBP Leasehold Acres
Bids are due by 4 p.m. CST Dec. 18.
Auctions
Lot 63708: Sheridan County, Wyoming
Highlights:
- 18,544.07 Net Non-Producing Leasehold Acres
- 100% of Oil and Gas Leases (Five and Four Year Terms)
- About 68% of Acreage has Two to Three Year Options to Extend
- 6,152.88 Net State Leasehold Acres
- 12,391.19 Net Fee Leasehold Acres
- 13 Active Offset Producers
- Select Area Operators include Beartooth Oil & Gas Co., MDU Resources Group and Sunshine Valley Petroleum
Bids are due by 2:45 p.m. CST Dec. 18.
Lot 63709: Johnson and Sheridan Counties, Wyoming
Highlights:
- 21,043.65 Net Leasehold Acres:
- 100% of Oil and Gas Leases
- 3,895.12 HBP Net Acres | 17,148.53 Non-Producing Net Acres
- 10,010.20 Net Federal Acres | 2,480.00 Net State Acres | 8,553.45 Net Fee Acres
- Four Offset Permits
- Two Drilling/Drilled | Two Permitted
- 245 Active Offset Producers
- Select Area Operators include Carbon Creek Energy LLC, EOG Resources Inc., Seven Sisters Oil & Gas LLC and Summit Gas Resources Inc.
Bids are due by 2:55 p.m. CST Dec. 18.
Lot 63710: Campbell and Crook Counties, Wyoming
Highlights:
- 17,013.18 HBP Leasehold Acres
- 4,040.99 Non-Producing Leasehold Acres
- 133 Offset Permits
- 20 Active | 17 Drilled/Drilling | 96 Permitted
- 2,798 Active Producers
- 50.00% to 0.10177% Working Interest / 43.75% to 0.08599% Net Revenue Interest in Seven Properties:
- Six Producing Properties | One Shut-In Property
- Operators include Citation Oil & Gas Corp., EOG Resources Inc., Kaiser-Francis Oil Co., Oilfield Salvage & Service Co. and True Oil LLC
- Nine-Month Average Net Income: $2,226 per Month
- Six-Month Average 8/8ths Production: 52 bbl/d of Oil and 1,000 cubic feet per day of Gas
Bids are due by 3:10 p.m. CST Dec. 18.
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