Two companies are offering for sale Wattenberg mineral assets in the heart of the Denver-Julesburg (D-J) Basin.
Atomic Capital Minerals LLC is selling its core Wattenberg area mineral interests in Weld County, Colo. Lantana Energy Advisors has been retained by Atomic as its exclusive financial and technical adviser for the sale.
Swan Exploration LLC is offering Wattenberg Field production and drilling opportunities within the D-J Basin in Weld. The Oil & Gas Asset Clearinghouse is handling the sale for Swan.
Bids for both sales are due Sept. 28.
Atomic Capital Minerals
Atomic is offering for sale mineral interests strategically located in prolific areas in Weld, including the Wattenberg Field and Wells Ranch, East Pony and Red Tail areas.
Highlights:
- About 1,473.3 net mineral acres;
- All minerals leased and in producing units;
- Interests in 240 producing horizontal and 153 vertical wells;
- May cash flow of $736,725;
- May production net to the mineral interest was 581 barrels per day (bbl/d) of oil, 1,112 thousand cubic feet per day and 67 bbl/d of NGL; and
- Operators include: Noble Energy Inc. (NYSE: NBL), Anadarko Petroleum Corp. (NYSE: APC); Synergy Resources Corp. (NYSE: SYRG), Whiting Petroleum Corp. (NYSE: WLL), Bill Barrett Corp. (NYSE: BBG) and PDC Energy Inc. (NASDAQ: PDCE).
- The sale is expected to have a Sept. 1 effective date.
For information visit lantanaog.com or contact David G. Nini, managing director with Lantana, at 713-236-4229.
Swan Exploration
Swan is selling mineral acreage in the Wattenberg Field with production from the Niobrara and Codell formations.
Highlights:
- About 1,624 net mineral acres with a large portion in the core of the Wattenberg, Clearinghouse said;
- 23 permitted proved undeveloped (PUD) locations;
- 196 unpermitted PUD locations identified;
- About 346 acres HBP;
- Average daily production of 61 barrels of oil equivalent per day; and
- Operators include Anadarko Petroleum, Encana Corp. (NYSE: ECA), Noble Energy and PDC Energy.
The sale is expected to have an Oct. 1 effective date.
For information visit ogclearinghouse.com or contact Pat DaPra, vice president of negotiated transactions with Clearinghouse at 832-601-7655.
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