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Brief -- PetroShare

Denver-Julesburg Basin pure-play PetroShare Corp. has agreed to pay $5 million for 11,169 net acres in its core operating area of Colorado's Adams and Weld counties in the Wattenberg field. The purchase, set to close by the end of December with an undisclosed party, includes producing vertical wells and associated leases. Partner and lender Providence Energy Operators LLC agreed to purchase half of the wells and leases, with PetroShare as operator. Once the acquisition is completed, PetroShare would have more than 8,164 net acres across its area of interest, including 3,874 net acres in the Niobrara/Codell. The acquisition would add 31 boe/d net from 32 producing wells.

ISSN © 2577-9877 | ISSN © 2158-8023

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