Wyoming has a rich history in the oil business that dates back into the 1800’s. The star of the show these days is the Niobrara shale. The Niobrara shale formation is situated primarily in northeastern Colorado and eastern Wyoming. Primarily an oil play, it is in the Denver-Julesburg Basin, which has long been a major oil and gas province, and also in the Powder River Basin.
The Niobrara requires massive fracture treatments after being drilled horizontally to maximize production. However, with expensive horizontal drilling and huge fracks, well economics can become challenging during oil and gas price downturns. Many wells in the past that penetrated oil and gas reserves have been plugged and abandoned because they weren’t economic at low prices. We stand at such a time, when mineral buyers and sellers, and oil and gas operators, don’t have a crystal ball to view the future of our industry. Many of us have lived through long downturns, and have minerals that were worth significant amounts of money for a season, only to see those minerals lose much of their value as the industry cycled down.
As you evaluate your overall financial position as it relates to the question of selling some portion of your minerals, we would welcome the opportunity to work with you. You will receive personal service as we research your mineral values, and promptly inform you of our offer. It all starts with you filling out our assessment form.