Delta Sells Non-Core Assets in Colorado and Elsewhere
Delta Petroleum Corporation on Monday announced that it has sold various non-core assets for $130 million to Wapiti Oil & Gas, L.L.C.
The Denver-based independent oil and gas developer entered into a Purchase and Sale Agreement (PSA) which will include the sale of non-core assets to Wapiti.
These include all of Delta’s 31% working interest in the Garden Gulch field of the Piceance Basin in Colorado, all of its working interest in the Baffin Bay field of Texas, all of its interest in Piper Petroleum, half of its working interest in its DJ Basin fields, as well as half of its working interest in the following fields in Texas: Caballos Creek, Choke Canyon, Midway Loop, Newton, and Norian.
Filed Under: ARCHIVES • Corporate News
Tags: Delta Petroleum • DJ Basin • Piceance Basin • Weld County
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