Wiepking-Fullerton Energy LLC

Transaction Type
Sellers
Marketers
Basin
Denver
Post Date
Close Date
Estimated Price
MM
Description

Wiepking-Fullerton Energy LLC has retained The Oil & Gas Asset Clearinghouse to sell certain interests in the emerging Pennyslvanian shale in the Denver Basin.

The package includes a 100% working interest (80% net revenue interest) in 37,500 net acres in Lincoln County, Colorado. Vertical-well production is established with more than 180,000 acres prospective for horizontal development in the Cherokee and Atoka shales. Other objectives include the Codell, J sand, Marmaton, Morrow and Mississippi formations. Five-year leases expire in 2012 through 2015 surrounding Great Plains Field. The acreage offsets Aloha Mula #1 well with initial production of 1,500 barrels of oil per day.

11 Month-Cum 130 MBO

The bid due date is May 5. Contact Verna Ray, 832-601-7662, vray@ogclearinghouse.com.