Marketed: QEP Resources New Mexico San Juan Basin Properties

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

An affiliate of QEP Resources Inc. retained EnergyNet for the sale of nearly 300 properties primarily in the San Juan Basin through an auction closing Sept. 4.

The offering comprises QEP Energy Co.'s overriding royalty interest (ORRI) and royalty interest in 298 properties plus minerals and leasehold located in various counties in New Mexico. The sale includes some assets located in the Permian Basin.

Highlights:

• ORRI in 266 Properties:
  • 8.835% to 0.004774% ORRI
  • 247 Producing Properties | One Saltwater Disposal | 17 Non-Producing Properties | One Plugged and Abandoned Property
• Royalty Interest in 32 Properties:
  • 5.90625% to 0.318858% Royalty Interest
  • 27 Producing Properties | Four Non-Producing Properties | One Temporarily Abandoned Property
• Six-Month Average Net Income: $12,358 per Month
• Six-Month Average 8/8ths Production: 1,332 barrels per day of Oil and 10.937 million cubic feet per day of Gas
  • 3,179.86 Net Mineral Acres
  • 3,130.86 Net Non-Producing Net Mineral Acres
• 49.00 Net Producing Net Mineral Acres
• 2,808.00 Net Leasehold Acres
  • Select Operators include COG Operating LLC, Dugan Production Corp. and Hilcorp Energy Co.

Bids are due by 2 p.m. CDT Sept. 4. For complete due diligence information 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.