Marketed: Niobrara Producing Nonop For Sale

The following information is provided by Energy Advisors Group Inc. (EAG), formerly PLS Divestment Services. All inquiries on the following listings should be directed to EAG. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Merced Capital retained Energy Advisors Group Inc. (EAG) for the sale of nonoperated working interest in the Denver-Julesburg (D-J) Basin operated by Occidental Petroleum Corp. and Great Western Petroleum LLC with about $83,430 per month net cash flow in the first half of 2019.

The sale package consists of nine producing wells located in Weld County, Colo., in the Wattenberg Field. Current gross production totals 866 barrels per day (bbl/d) of oil and 7.983 million cubic feet per day (MMcf/d) of gas. The nine wells have cumulative over 2.1 million barrels of oil equivalent (boe) since October 2017, first reported production. In total, the D-J portfolio includes about 4.6% nonoperated working interest and 3.9% net revenue interest ownership with recent net production of 41 bbl/d of oil and 294,000 cubic feet per day of gas. The interests are wellbore only.

Click here to view the online data room or visit energyadvisors.com/deals to view our other 30-plus assignments. For more information, contact Blake Dornak, A&D associate with EAG, at bdornak@energyadvisors.com or 713-600-0123.