Project Description

Laramie County, Wyoming is located above the Denver-Julesberg basin (“DJ Basin”), which has long been an oil and gas producing reservoir. However, most of the production to date has occurred on the Colorado side of the Wyoming-Colorado border in Weld County.  It is important for Laramie mineral rights owners to understand the current activity and environment, so they can make informed decisions. Historically, there has been very little oil and gas production in Laramie County and this does not appear poised to change any time soon. The chart below represents the number of active oil and gas drilling rigs for Laramie County since 2011.

As you can see, the number of active rigs peaked at 6 in 2011 and 2014, with the most common number of active rigs since then being 1. Since 2014, the number of active rigs has hovered around 1-2 (Does Oil Price Influence Drilling?).  This means Laramie mineral rights mostly sit dormant, with no previous, current or future drilling expected.

EOG Resources is the primary operator in the area, but they are one of the largest oil and gas companies in the world and focus the vast majority of their efforts in larger plays like Texas (fun fact, EOG used to be a part of Enron). Additionally, when EOG does drill, they usually only drill a fraction of their permits. What does this mean for Laramie mineral rights? For mineral rights owners, the value of their minerals increases when there is activity in or around their acreage. Because Laramie County has historically had limited activity, the mineral rights are valued accordingly. That is not to say there is still not value in them, it just could be years and years before that value is every realized, if ever. As such, sometimes Laramie mineral rights owners choose to sell their rights to companies like The Petram Group, who are willing to wait and see if the minerals ever get drilled. Often, mineral owners like the idea of selling their mineral rights and investing the proceeds in a more stable, predictable asset class that generates consistent cashflow. If you own Laramie mineral rights and are interested in receiving an offer fromTPG Energy, please contact us at