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
Enterprise’s SPOT Deepwater Port Struggles for Customers
2024-04-25 - Years of regulatory delays, a loss of commercial backers and slowing U.S. shale production has Enterprise Products Partners’ Sea Port Oil Terminal and rival projects without secured customers, energy industry executives say.
Enbridge Fortifies Dominant Role in Corpus Christi Crude Transport
2024-03-20 - Colin Gruending, Enbridge executive vice president and president for liquids pipelines told Hart Energy the company’s holdings in South Texas are akin to a “catcher’s mitt” for Permian and Haynesville production.
Early Startup of Trans Mountain Pipeline Expansion Surprises Analysts
2024-04-04 - Analysts had expected the Trans Mountain Pipeline expansion to commence operations in June but the company said the system will begin shipping crude on May 1.
For Sale? Trans Mountain Pipeline Tentatively on the Market
2024-04-22 - Politics and tariffs may delay ownership transfer of the Trans Mountain Pipeline, which the Canadian government spent CA$34 billion to build.
Enterprise Targets FID for SPOT Project by End of 2024
2024-05-01 - Enterprise Products Partners’ co-CEO disputed capex figures reported in the media regarding its Sea Port Oil Export Terminal.