February 5, 2019
Weld and Boulder Counties, Colorado: Updates
Swenson II JV Update
Additional progress made on Swenson II acreage for 7N65 SE4 Sec 17.
Shows the 11 wells that have moved from Planned to Permitted status as of 1/09/19
Map update: Yellow outline denotes the acreage in the JV.
If you have any questions or need any clarification reach out to Rob at [email protected], or call Energy Investment Group at 512-212-3003 (ext. 101)
Exciting news related to the Northeast Weld Mineral JV
January 29, 2019
The Colorado Oil and Gas Commission has posted Bison Oil and Gas production numbers for July – November 2018 on two
wells that are adjacent (north) to our acreage.
These wells produced a monthly average of 10,865 and 11,440 Barrels of Oil Equivalent (BOE) over the first 5 months of production. These wells are not part of our JV interest but they do demonstrate the production potential for the immediate area.
Based on these results through November 2018, estimated first year well production should be over 100,000 BOE per well.
Lifetime estimate average production per well could be in excess of 350,000 – 400,000 BOE.
Our acreage (outlined in yellow) is located in Sections 1, 7, 8 and 18 as noted.
Currently Bison has 3 wells drilling which were spud in October 2018 which should be in production sometime this summer. There are a total of 47 wells planned, permitted, or drilling on our acreage between the operators of record Verdad, Mallard and Bison.
Using these early results from the Bison wells and an average price of $50 for oil……
1 Unit position ($50,000) of the Northeast Weld Minerals JV is now projected to generate $177,272 – $202,597 total return.
Your comments or questions are always welcome.
Feel free to reach out to Rob at [email protected], or call Energy Investment Group at 512-212-3003 (ext. 101)
Amsbaugh Update
December 3, 2018
Each circled area denotes the operator and status of wells on acreage of interest in the Amsbaugh JV. There are over 220 wells that have been either planned , permitted, are currently drilling or have been turned to sales within the circled areas below.
Amsbaugh-2N68W-11-30-18
Amsbaugh-2N69W-11-30-18
Amsbaugh-3N64W-and-3N65W-11-30-18
Amsbaugh-3N67W-and-3N68W-11-30-18
Amsbaugh-4N64W-and-4N65W-11-30-18
Amsbaugh-4N66W-and-4N67W-11-30-18
Amsbaugh-5N64W-and-5N65W-11-30-18
Amsbaugh-5N66W-and-5N67W-11-30-18
Amsbaugh-6N65W-and-6N66W-11-30-18
Legend:
Planned – Light Blue
Permitted – Light Green
Drilling or Turned to Sales – Purple
During 2019 the majority of these wells will be turned to sales; it takes between 9 and 11 months to spud, drill, complete, fracture stimulate, and then turn to sales on a site.
We are well on our way to see the results returns money coming our way as the Wattenberg field continues to be developed.
If you have any questions or need any clarification reach out to Rob at [email protected], or call Energy Investment Group at 512-212-3003 (ext. 101)
Centennial Update
November 30, 2018
Our Energy Investment Group experts took a trip up to Colorado to check in on the progress on the various Centennial minerals projects.
Below are updates to the activity for the Centennial JV. The project is continuously developing and more drilling activity is anticipated for 2019.
There are 100+ new wells planned, permitted, or drilling.
Centennial-1N65W-1N66W-11-30-18
Centennial-2N67W-2N68W-11-30-18
Centennial-3N62W-3N63W-11-30-18
Centennial-3N64W-11-30-18
Centennial-6N67W-11-30-18
Centennial-7N64W-7N65W-11-30-18
Legend:
Planned – Light Blue
Permitted – Light Green
Drilling or Turned to Sales – Purple
Again, the majority of these wells should all be drilling in 2019.
It takes approximately 9 to 11 months from the spud date until revenues start.
If you have any questions or need any clarification reach out to Rob at [email protected], or call Energy Investment Group at 512-212-3003 (ext. 101)
Northeast Weld Minerals JV Update
November 28, 2018
Progress continues on the Northeast Weld Minerals JV activity.
Our Energy Investment Group experts went on location to the acreage of interest (highlighted with yellow border in images below).
This is 100 miles Northeast of Denver in the Pawnee National Grasslands. Truly out in the middle of nowhere there are empty grasslands. Along the way to the site our team saw a sign warning “Next Fuel 60 Miles” which really set the tone for the surrounding area.
It’s cold and windy this time of year. The Rig on site operates 24hrs/day and is easy to spot once the sun goes down and they light up the Rig.
Below are graphics to represent the geographic locale of our acreage:
Northeast Weld Bison Patterson UTI Apex Walking Rig 346 location 1a:
Northeast Weld Bison Patterson UTI Apex Walking Rig 346 location 1b:
Northeast Weld Bison Patterson UTI Apex Walking Rig 346 location 1c:
Northeast Weld Bison Patterson UTI Apex Walking Rig 346 location 1d:
Factors To Consider:
Bison’s location of the 2 wells that are producing are not on our acreage but they will be releasing their production numbers
in January, 2019. Based on those results we will have a better idea what the wells on our acreage could produce.
Just a few miles east of our acreage Bison has two additional wells that both produced over 60,000 BOE
in the first 90 days of production. For the first 8 months production, Feb through Sept 2018, these wells produced 105,000 and 121,00 BOE respectively.
That’s an average per well of 437-504 BOE/Day.
We are excited about the future for this and other Energy Investment Group Mineral JV’s.
If you have any questions or have any interest in what’s next reach out to Rob at [email protected], or call Energy Investment Group at 512-212-3003 (ext. 101)