FAQ document (created Jan 3, 2025) by Courtney Moeller describing an oil & gas investment/unit in Converse County, Wyoming. Covers how federal leases were acquired and transferred among speculators and Anschutz, Working Interest allocation (proportional to acreage of 3,786 net acres), DW's fee structure (10% until capital return, then 15% reduction to investors), $90/bbl price assumption (with scenarios at $50–$100), purchase of ~98.6 acres for $739,500 included in a $5M raise, 12 new Niobrara horizontal wells operated by Anschutz, expected production profile (80%+ in first 7 years; ~25-year life), projected EURs 800,000+ BO (some recent 2022 wells >500,000 BO), JOA in place, no expected future cash calls, and subscription/distribution/K-1 timing details.
Questions this document answers
3,786 net lease acres.
Approximately 98.6 acres for $739,500 (stated as $7,500/acre).
$90 per barrel (base case); scenarios also suggested at $50, $75, $100.
DW takes 10% until investor capital is returned, then investors’ interests are reduced 15% for the remaining life of the wells.
Converse County, Wyoming; T36N R71W Sections 16, 17, 18, 19, 20 & 21.