Glenwood Springs, Rifle, Parachute: Piceance Basin tight gas with Colorado's second largest well count, and royalty owners holding tiny decimals across hundreds of wells.
Garfield County is Piceance Basin tight gas and carries Colorado's second largest well count: roughly 10,104 producing wells out of about 17,406 drilled. It is mature, very long lived, and declining slowly, with only about 42 permits in two years and one recent spud.
The defining feature for an owner is fragmentation of a different kind than usual. The Williams Fork is a stack of discontinuous lenticular channel sands commingled in directional wells from large multi-well pads at roughly 10 to 20 acre effective density. So a Garfield royalty owner typically holds a very small decimal across dozens or hundreds of wells. Verifying a division order here is laborious, and the administrative cost relative to revenue is exactly why buyers with minimum transaction sizes ignore Garfield County interests entirely.
We buy them. No minimum, our own title work, all closing costs paid.
Operator names are also confusing here. TEP Rocky Mountain remains operator of record with control passed to Flywheel Energy Management, QB Energy holds the former Caerus position after Quantum Capital's roughly $1.8 billion acquisition, and many wells still show WPX Energy Rocky Mountain, a name that left in 2016.
The undeveloped upside is deep Mancos and Niobrara across roughly 150,000 net acres identified as prospective. We price that as option value with the probability stated rather than promising it.
Federal exposure is high, with BLM and White River National Forest alongside fee minerals along the Colorado River corridor. Colorado follows the first marketable product rule under Rogers v. Westerman. Send us a statement.
The workhorse. Dozens to hundreds of discontinuous lenticular channel sands commingled in directional wells from large multi-well pads.
Additional Mesaverde section.
A coal interval thick enough to distort the basin's geothermal gradient.
Deep and largely undeveloped. Roughly 150,000 net acres were identified as prospective for horizontal development, which remains the county's undeveloped upside.
Wherever your tract sits in Garfield County, we will research it free and value it with the work shown.
Free, no obligation, and no pressure. We reply within one business day, usually faster.
Prefer the phone? Call or text 918-984-1645 and you will get Stephen, the owner, not a call center. If we miss you, we text back the same day.