Land assets owned by Sovereign Energy LLC are currently being offered for sale through oil and gas asset broker, Meagher Energy Advisors, in a closed bid process. The Gold Creek Prospect acreage position consists of 47,103 Gross/34,043 Net Mineral Acres at all depths in the southern DJ basin in Douglas, Elbert and El Paso counties, Colorado. The acreage is highly prospective for the Niobrara and Greenhorn formations and lies to the south of the Lowry Bombing Range which was leased by ConocoPhillips early this year from the Colorado State Land Board at a record price.
The majority of the leasehold has a 5 year term + 5 year option with the title work completed. The leasehold has advantageous surface conditions and is highly contiguous with high WI tracts w/o Surface Use Agreement. requirements. A full description of the leasehold being offered can be found on the Meagher Energy Advisors website.