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(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). The high-quality operator footprint enhances production visibility and long-term value creation.
The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after.
We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the Damara Fold Belt.” (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) ( Frankfurt : 0XD) (NSX: REC) announces a drilling update on Prospect I.
Other notable operators include Pacific Canbriam Energy and ARC Resources , which also show significant gaps between licensing and spudding. Whether youre a directional driller, frac crew, water hauler, or E&P investor knowing where the backlog is can be the key to targeting the right accounts and fields for the months ahead.
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