Brant and Ottesen royalty lot
29 Well Package (Producing RI - 12.83 NRA) plus 18 DUCs 6 Mo. Av. Cash Flow $2,718/mo.
This lot contains various royalty interests (producing minerals - 12.83 NRA) in twenty-nine (29) horizontal wells located in Sections 5, 6, 7 and 8, T1S-R66W and Section 12, T1S-R67W, Adams County, Colorado. Operated by PDC Energy, Inc., a Chevron company, of Denver, Colorado.
The wells are Niobrara and Codell horizontals in four drilling and spacing units: the Brant LE unit (19 wells, Orders 407-2246 and 407-3712), the Brant Federal unit (2 wells, Order 407-3340), the Ottesen unit (Order 407-3344) and the Ottesen LE / Ottesen Federal unit (8 wells, Orders 407-1844 and 407-2614). Combined, these wells have produced an average of approximately 1,071 BOPD and 7,842 MCFPD over the past six (6) month reported period.
Additionally, there are eighteen (18) wells drilled on this acreage which have not yet been completed: two (2) in the Ottesen unit and sixteen (16) in the Ottesen LE / Ottesen Federal unit, all drilled in 2020 and 2023 and awaiting completion per the Colorado ECMC. Three (3) further Brant LE wellbores were drilled to surface casing only in 2020 and are in suspended status; they are not included in the well count.