June Oil & Gas Newsletter- New Deals and Updates

June Oil & Gas Newsletter- New Deals and Updates

$70+ WTI Leads to Massive Turn in Oil Markets

According to a recent Reuters article, oil prices are up and the sale of land for mineral rights in the first 5 months of 2021 nearly surpassed that of all sales in 2020. And with more deals on the way, we expect to see the oil and gas market continue to improve. LandGate is the #1 platform in the world for energy data and deals and can assist buyers in navigating this growing market.

Read the article here.

Hot Deal of the Week

Premiere Wattenberg Overriding Royalty Interest – Incredibly rare opportunity to acquire overriding royalty interest (non-cost bearing) in 152 horizontal Niobrara and Codell wells in the heart of the Wattenberg Field. 74 wells are on production and 98.6% of well locations will be fully producing by the end of Q1 2022. Civitas (Extraction and Crestone Peak Resources) operates the majority of the position and Great Western operates a fully drilled, uncompleted DSU as well. Civitas has released a public notice for flow line installation on multiple drilled uncompleted well pads, further solidifying their production scheduling of the DUC inventory for the asset. This an open bidding process so get your offers in quickly before the price of oil hits $75-$80/barrel this summer ($69 oil and $3.18 gas at the time of listing).

Oil & Gas Listings

PROPERTY UPDATES

  • Swafford Denton – Sold
  • 40 Acres in West Virginia – Sold
  • Pecos Trail – Shallow Rights: 640 acres leased
  • Lamesa Big Spring – PRICE DROP on 160 unleashed net mineral acres in the heart of the Midland Basin. The property is completely undeveloped and is surrounded by fully developed, strong producing units.
  • Bone Pile – PRICE DROP on over 6,000 net mineral acres of property in the Powder River Basin. 981 net mineral acres are currently leased and producing which earn roughly $10,000/month (@$54/oil). Remaining 5,300 net mineral acres is unleashed and has development potential for Turner/Frontier, Niobrara, Mowry, Parkman and Muddy Formations.

RECENTLY LISTED PROPERTIES

Permian:

  • Eddy County ORRI: Lease level ORRI – Production coming from 3 horizontal and 20 vertical wells. 19 permitted horizontal wells with future ORRI potential in the Bone Springs and Wolfcamp Formations. Recent monthly cash flow = $8600/month
  • Pecos Trail – Wolfcamp and Deep Rights: 640 acres of minerals available for lease in Reeves/Pecos County, TX. Shallow rights recently leased (Surface to 100’ above the Wolfcamp Formation)
  • Gaines Central Platform TX: Estimated 182 net mineral acres available for sale in Gaines County, Texas
  • Northern Winkler TX: 55 net mineral acres for sale in Winkler County, Texas
  • Glass Howard TX: 5.55 net mineral acres for sale in Howard County, Texas
  • Devils Castle Ward TX: Producing 0.0000054605 RI for sale in Ward County, Texas
  • Continental Ward TX: Producing 0.83334 net royalty acres for sale in Ward County, TX

Gulf Coast:

Rockies:

Appalachia:

  • Grover Road: 71 unleashed net mineral acres for sale in Bradford County, PA. These minerals are priced to sell as the area is very active and the property is surrounded by nearby gas production
  • Madison Columbiana OH: 6.21 net mineral acres available for sale in Columbiana County, Ohio

Mid-Continent:

  • Flint Creek McClain OK: 68.33 net mineral acres available for sale in McClain County, Oklahoma
  • West Cleveland OK: 2.083 net mineral acres for sale in Cleveland County, Oklahoma
  • West Murray OK: 6.665 net mineral acres available for sale in Murray County, Oklahoma
  • Hughes 1-A: WI for Sale, 81.24% NRI – 40 net mineral acres in Hughes County, Oklahoma
  • Moss 1-7: WI for Sale, 79.29% NRI – 80 net mineral acres in Hughes County, Oklahoma
  • Williams Lease: WI for Sale, 87.5% NRI – 80 net mineral acres in Hughes County, Oklahoma
  • Dwiggins VP Lease: WI for Sale, 80% NRI – 80 net mineral acres in Okfuskee County, Oklahoma
  • Dwiggins 3 & 4: WI for Sale, 80% NRI – 80 net mineral acres in Okfuskee County, Oklahoma
  • Mutch-Harber 1 & 3: WI for Sale, 75% NRI – 60 net mineral acres in Hughes County, Oklahoma
  • Mutch-Chapman 1 & 2: WI for Sale, 81.25% NRI – 40 net mineral acres in Hughes County, Oklahoma

See All Listings

Follow us on social media:

Related Posts