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QEP Resources Inc. retained EnergyNet to sell gas assets located in the Paradox Basin of southwest Colorado through an auction.

QEP Resources Paradox Basin Asset Map (Source: EnergyNet)

The sale includes nonoperated working interest in the McElmo Dome Unit plus HBP leasehold covering 416.084 net acres in Montezuma and Dolores counties, Colo.

Property Highlights:

  • 0.147532% WI / 0.121941% Unit NRI in the McElmo Dome Unit:
    • Various Tract NRIs
    • Producing CO₂ Unit
  • 12-Month Average Net Income: $33,785/Month
  • Six-Month Average 8/8ths Production: 996,512 Mcf/d of Gas
  • Operator: Kinder Morgan CO2 Co. LP
  • 416.084 Net HBP Leasehold Acres

Auction ends at 2:40 p.m. CST Sept. 19. For complete due diligence information visit energynet.com or email Ryan Dobbs, vice president of business development for EnergyNet, at Ryan.Dobbs@energynet.com.