Windsor Farms Investments, EnergyNet, Denver Julesburg, DJ Basin, mineral, royalty, oil, natural gas, shale, Niobrara, Codell, auction, Weld County, Colorado, Big Wells Field, Extraction Oil Gas, PDC Energy, horizontal drilling, sale, on the market, marke

Windsor Farms Investments LLC is selling Denver-Julesburg (D-J) Basin royalty and well interests in Weld County, Colo., in an auction handled by EnergyNet.

Bidding is now open for the sale of D-J Basin minerals with 20% royalty in the Big Wells Field. Operators consist of Extraction Oil & Gas Inc. (NASDAQ: XOG) and PDC Energy Inc. (NASDAQ: PDCE).

The sale includes 24 horizontal Niobrara and Codell wells drilled between March and July (completion in progress), EnergyNet said.

Highlights:

  • Parcel 1—about 127.39 net mineral acres;
    • 24 horizontal long-reach one- and two-mile laterals drilled by Extraction Oil & Gas (completion in progress);
    • Estimated first-month production for the 24 lateral drilled is 375,000 barrels of oil equivalent and 450 million cubic feet of gas, per geologist/Rampike Resources, EnergyNet said;
  • Parcel 2—about 266.34 net mineral acres;
    • 10 horizontal 1.25-mile laterals drilled by Extraction Oil & Gas (completion ready to start);
    • Expansion acreage for 13 additional one-mile laterals by Extraction Oil & Gas;
  • Parcel 3—about 266.34 net mineral acres;
    • 13 long-reach laterals permits with Extraction Oil & Gas;
    • Three wells spudded Nov. 20;
    • Three large-scale pad sites under negotiation with recent payments by Extraction for right-of-way for 25 additional two-mile long-reach laterals;
    • Two producing wells by PDC Energy; and
    • Four 1.5-mile laterals permitted by PDC Energy.

The auction closes at 2 p.m. CT Dec. 1. For information visit energynet.com or contact EnergyNet's Ryan P. Dobbs at 720-459-2072.