All Posts Tagged With: "Denver-Julesburg basin"
Marathon Sells $270M Stake in Niobrara to Japanese Firm
The deal calls for Marubeni to get a 30 percent stake in Marathon’s 180,000 acres in the DJ Basin of Colorado and Wyoming. The Houston-based company is already conducting seismic testing of its acreage and expects to start eight to 12 exploratory wells by the end of this year.
7Apr2011 | admin | 0 comments | Continued
Recovery Energy Snaps Up DJ Basin Leases
The Denver-based energy company said it has applied for permits to drill four horizontal wells targeting the Niobrara oil shale. It plans to begin its drilling program early in the second quarter of this year.
2Mar2011 | admin | 0 comments | Continued
China Firm to Pay $570M for Oil and Gas Interests in Colorado and Wyoming
Cnooc Ltd., the country’s biggest oil and natural gas producer, is purchasing a one-third interest in Chesapeake Energy Corp.’s 800,000 leased acres in the Denver-Julesburg (DJ) Basin, and the Powder River area of southeast Wyoming.
31Jan2011 | admin | 1 comment | Continued
Potential of New Oil Find Has Industry Jacked
The Northeastern plain of Colorado may have another “gusher” on its hands reminiscent of the high production years of yore, if the initial results of the new find has “the legs” some industry experts suspect.
25Feb2010 | admin | 3 comments | Continued
Oil and Gas Update — Noble Energy to Purchase Suncor Assets in Eastern Colorado
The company said Tuesday that it will buy substantially all of the Rocky Mountains oil and gas assets of Petro-Canada Resources Inc. and Suncor Energy America Inc., for $494 million. Included in the purchase is 340 thousand total net acres, nearly 200 thousand of which are located in the Greater DJ Basin in Weld County.
5Jan2010 | admin | 0 comments | Continued
Denver-Based Berry Petroleum Reports Q1 Results
The company earned net income of $35 million, or $0.77 per diluted share, for the three months ended March 31, 2009, down 19% from net income of $43 million for the same time period in 2008.
30Apr2009 | admin | 0 comments | Continued
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