Marketed: D-J Basin Minerals, Arapahoe County, Colorado

Transaction Type
Marketers
Basin
D-J Basin
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description

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.

Bull Moose Royalties LLC and Whitetail Minerals LLC retained EnergyNet for the sale of minerals assets within Colorado's  Denver-Julesburg (D-J) Basin through an auction ending May 7.

The offer comprises non-producing minerals including 147.7704 net mineral acres located in Arapahoe County, Colo.

Highlights:

  • 6,390.64 Gross (147.7704 Net) Mineral Acres
    • Subject to Current Oil and Gas Leases Expiring Fourth-Quarter 2019 thru Fourth-Quarter 2021
      • 135.0076 Net Mineral Acres have Two-Year Options to Extend
    • 20.00% to 17.00% Royalty Interest
  • One Offset Active Rig
  • 129 Active Offset Permits:
    • 13 Active | Eight Drilled/Drilling | 108 Permitted
  • 66 Active Offset Wells (33 Horizontal Niobrara)
  • Offset Operators include Axis Exploration LLC, Burlington Resources Oil & Gas LP, ConocoPhillips Co., Highlands Natural Resources Corp. and Legacy Oil & Gas Inc.

Bids are due by 2:55 p.m. CDT May 7. 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.