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.
Diversified Minerals Co. LLC has retained EnergyNet for the sale of a five-well and 12-DUC package located in Arapahoe and Weld counties, Colo. The Lot#104669 package includes producing and non-producing minerals (103.12 NMA) spanning approximately 103 net mineral acres.
Opportunity highlights:
- Royalty Interest in 5 Currently Producing Wells:
- Avg RI ~0.9%
- Operator: Civitas Resources Inc.
- Production Primarily from Niobrara Formation
- 12 Wells Currently Drilled and Expected to be Completed Soon:
- Wells Drilled in 2022
- Operator: PDC Energy Inc.
- Drilled to Niobrara Formation
- 6-Month Average:
- Gross Production of 1,686 BOPD and 2,023 MCFPD
- Net Production of 12 BOPD and 15 MCFPD
- Net Revenue of $35,897/Month
- DUC Wells Expected to Increase Cash Flow Substantially
- ~103 Net Mineral Acres:
- 19 Additional Wells Permitted Further Subject to Documentary Stamp Fees
- Further Subject to Documentary Stamp Fees
Bids are due at 4:00 p.m. CST on March 16. For complete due diligence information, please visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com.
Recommended Reading
1Q24 Dividends Declared in the Week of April 29
2024-05-03 - With earnings season in full swing, upstream and midstream companies are declaring quarterly dividends. Here is a selection of dividends announced in the past week.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
Equinor Releases Overview of Share Buyback Program
2024-04-17 - Equinor said the maximum shares to be repurchased is 16.8 million, of which up to 7.4 million shares can be acquired until May 15 and up to 9.4 million shares until Jan. 15, 2025 — the program’s end date.
M4E Lithium Closes Funding for Brazilian Lithium Exploration
2024-03-15 - M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.