Sell Oil and Gas Rights in the DJ Basin in Weld County, Colorado
Posted by admin at September 18th, 2015
Selling your mineral rights in the DJ Basin in Weld County, Colorado is still a very attractive option for mineral buyers, even with low oil prices. Current oil prices have severely reduced or even halted exploration efforts for most oil companies around the country which is no big surprise when the combined drilling, production and transportation costs in some basins can equal or even exceed the price per barrel a company can realize in today’s market. There remain bright spots however and the Niobrara and Codell formations found in Weld County, Colorado and Laramie County, Wyoming continue to shine. Multiple pay zone potential combined with the close proximity of the DJ basin to Denver present attractive efficiencies and economics for exploration companies while still providing strong values to mineral owners looking to sell oil and gas rights in the DJ Basin in Weld County, Colorado.
The value of mineral rights in many basins has been slashed in the last year or so leaving mineral owners wondering what happened to their invaluable asset. Mineral values in the DJ Basin may not be what they were a year ago but they still remain high enough to encourage mineral owners to consider selling now before oil prices possibly fall even further. Drilling rig activity in the DJ Basin throughout Weld County for 2015 is almost half of what it was in 2014 with no significant increases on the horizon, so the odds of mineral interest values improving any time soon appear to be slim.
Our Company Apache Land and Royalty Company, is an excellent resource for mineral owners with interests in the DJ Basin, Weld County, Colorado. From sharing the latest information on the future drilling plans of the most active operators in the DJ Basin, to providing estimated values for mineral interests, the seasoned Apache team of oil patch veterans are poised to help mineral owners make educated decisions on whether to hold or sell oil and gas rights in the DJ Basin, in Weld County, Colorado. If you are interested in discussing your mineral rights, please give us a call at 888.428.4811.