Rosetta Resources Operating LP has retained BMO Capital Markets to sell its Pinedale anticline and San Juan Basin assets, with combined net production of 10 million cubic feet equivalent per day, in Wyoming and New Mexico, respectively. The sale represents a complete exit by Rosetta from both areas.
In Wyoming, the package involves a 100% operated working interest in 1,280 net acres, with Pinedale anticline production from approximately 28 wells targeting the Lance and Mesaverde formations. Current production is 5 million cubic feet equivalent per day. Upside includes more than 80 inventory locations on current 10-acre spacing, with additional infill opportunities.
In New Mexico, the package involves an average 66% working interest in 15,592 net acres on a mix of operated and nonoperated leases, with 109 coalbed-methane wells currently producing 5 million cubic feet equivalent per day. The properties contain a number of 160-acre PUD step-out locations. Upside includes more than 130 additional infill opportunities, with upside potential from the Dakota and Gallup formations.
The data room opens Sept. 1. Bids are due by October. Contact Miles Redfield, 713-546-9715, miles.redfield@bmo.com.
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