Jubilee Joint Venture

Low-Risk Niobrara Development DJ Basin, Laramie Country, Wyoming

Jubilee Joint Venture

Low-Risk Niobrara Development – DJ Basin, Wyoming

The Jubilee Joint Venture involves the drilling and completion of one new horizontal well with EOG Resources as the operator in the prolific Niobrara Trend in the DJ Basin of southeastern Wyoming.

 The Niobrara Trend is currently ranked as the second-most economic oil shale resource play in the United States and is considered a very low geologic-risk drilling opportunity in an established oil-rich field. The Niobrara Trend is composed of interbedded oil-rich shale (original source rock for the oil in-place), sandstone, marl and chalk (reservoirquality rock with porosity) and responds very well to horizontal drilling and multi-stage fracturing due to the brittle nature of the formation. In southeastern Wyoming, the Codell Sandstone is the primary reservoir target within the Niobrara Trend. The ongoing development of the Niobrara Trend can be considered more of a “mining process” than a true exploration or “wildcatting” play, since the oil is already in-place, and horizontal drilling and multi-stage hydraulic fracturing can be used to extract the oil economically.

To date, EOG Resources has drilled over 700 horizontal wells in the Niobrara Trend in Wyoming with consistent well-to-well performance and increasing production results due to technology advancements in drilling and completion. Eagle Natural Resources has participated in a non-operating working interest position in 54 consecutive successful Niobrara wells to date, including the Rio La, Wilson Rinn Valley, Groves Farm, Calvary Farms and Big Sandy Projects, with gross production of 6.4 Million Barrels Oil and 34 Billion Cubic Feet of Natural Gas (or 12.4 Million Barrels Oil, equivalent) since September 2018, from these six projects. Eagle continues to pursue additional non-operating working interest projects in the DJ Basin, taking advantage of lower drilling and completion costs (post-CV19), recovering oil and natural gas prices, as well as the later generation completion techniques developed by industry over many years, receiving the benefit of billions of dollars invested in the “learning curve” of early development in the prolific Niobrara Trend.

Overview

1-Well Niobrara Development Program – DJ Basin, Laramie County, Wyoming

25.00% Non-Operated Working Interest (18.25% Net Revenue Interest) - Available for $3,500,000

Operator EOG Resources To Drill and Complete in 3rd Q 2022 – 2-Mile Lateral (PTD 19,388’ – PTVD 8,702’)
EOG Has Drilled Over 700 Horizontal Wells in Wyoming with Consistent Results using Latest Generation Completions

Wolfcamp Joint Venture - Regional Well Base Map

1-Well Niobrara Development Program – DJ Basin, Laramie County, Wyoming

Scout Ticket

Scout Ticket

Detailed Production Report

Detailed Production Report

Detailed Production Report

Detailed Production Report

Detailed Production Report

Detailed Production Report

Detailed Production Report

Monthly Income Conversion Table

Jeremy Paul

CEO. Eagle Natural Resources, LLC

Jeff Sporl

Geophysicist and Geologist

Jeremy Paul

CEO. Eagle Natural Resources, LLC

Jeremy has over a decade of experience in the oil and gas sector. Prior to forming Eagly Natural Resources, he provided consulting services overseeing the start up and expansion of private equity departments for oil & gas producers.

He has spearheaded the efforts behind acquiring over 4,000 net mineral acres across Texas and Oklahoma. Eagle’s portfolio of held-by-production (HBP) properties currently features minority and majority interest ownership in over 200 producing wells.

Jeff Sporl

Geophysicist and Geologist

Jeff has a Bachelor of Science degree in Geophysics from Penn State University. He has over 35 years of seismic interpretation and subsurface integration experience.

In January 1985 were he was selected as one of five lead Amoco geophysicists to evaluate Tenneco’s Gulf of Mexico properties in a $2.6 Billion acquisition attempt, and evaluated three of Tenneco’s largest offshore gas fields.

With an impressive well success record over 75% on 45 discovery wells drilled to date.

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There are significant risks associated with oil and gas investments. Information found on this site is for general purposes only and is not a solicitation to buy or an offer to sell securities. General information on this site is not intended to be used as individual investment or tax advice. Consult your personal tax advisor concerning the current tax laws and their applicability and effect on your personal tax situation.

Eagle Natural Resources, LLC

ENR Operating, LLC RRC # 253075

5445 Legacy Dr. STE 440 Plano TX 75024
Phone: (972) 674-1024
© Copyright 2022 Eagle Natural Resources.
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