Samuel Gary Jr. & Associates Inc.

Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
0MM
Description

Samuel Gary Jr. & Associates Inc. has retained Meagher Energy Advisors to sell certain leasehold interests in the Colorado Niobrara oil play.

The package includes 100% working interest (80% net revenue interest) in 13,783 net acres in Adams and Elbert counties and 441 net acres in Weld and Larimer counties. The leases cover all depths, and 98% will expire in 2015 with 95% of leases featuring preferential rights to renew.

The acreage is surrounded by major Niobrara players. Upside includes additional targets in Codell, Muddy J sand and Dakota D sand. The leases also feature potential for multiple horizontal Niobrara wells per section.

The bid due date is Feb. 10. The effective date is March 1. Contact Julia Foster, (303) 721-6354 ext. 229, jfoster@meagheradvisors.com.