The Powder River Basin Mineral Sale is a large oil and gas mineral package for sale in the western-central Powder River Basin (PRB) of Wyoming covering 8,637 net acres under 9,947 gross acres. The acreage is in Johnson County, Wyoming, where EOG, Anschutz, Noble, ATX, and Devon are pursuing aggressive horizontal drilling programs. EOG, a basin leader in horizontal completions, recently completed two source rock wells referenced on our map as "the Orbit Wells" – one in the Niobrara (523 MBO & 1.3 BCFG) and the other in the Mowry (742 MBO & 3.0 BCFG). EOG just purchased Samson Resources II LLC lease position in the same area and filed numerous new drilling permits in the immediate vicinity of our mineral package. Three Crown’s PRB mineral package is located adjacent to EOG's Orbit Wells and contains similar prospectivety in nine producing pay zones: the Teapot, Parkman, Sussex, Shannon, Niobrara, Frontier, Mowry, Muddy, and Minnelusa.
4,103 net / 4,663 gross acres of the package are leased to ATX Energy under an 18.75% royalty interest and a pending $2 million renewal option. 1,760 net acres / 1,760 gross acres are unleased and are located in EOG's recent Samson acquisition area. The final 2,774 net acres / 3,074 gross are held by production (HBP) by Carbon Creek, EOG, and Anschutz. The acreage, then, is made of of 8,637 net acres / 9,947 gross acres covering producing wells, leased acreage, and open acreage, all containing nine untapped deep prospective pay zones.
Contact us to learn more or find our map on our prospect page.