Denver

Denver-based Gasco Energy Inc. reported late last week favorable results from four wells on its Riverbend Project in Utah’s Uinta Basin. One of the wells was already flowing to sales with the remaining three not far behind.

Denver-based Tipperary Corp. said last week that it has closed its previously announced transactions with Delta Petroleum Corp. and has subsequently acquired additional interests in the Comet Ridge coalbed methane project in Queensland, Australia. In addition, Tipperary said it has agreed with Williams Production RMT Co. to cease dewatering activities on the Hanna Basin project in Wyoming.

Denver-based Gasco Energy Inc. said Thursday it had successfully completed a strategic exchange of certain properties located in the gas-rich Uinta Basin with El Paso Corp. In the transaction, Gasco received 2,571 net acres located in its Uinta Basin Riverbend Project in exchange for the contractual right to earn Wasatch rights on 10,850 gross Uinta Basin acres (2,713 net acres).

With 2001 earning results out of the way, Denver-based Western Gas Resources Inc. announced its Dec. 31, 2001 reserve additions and its capital budget and hedging positions for 2002. The company replaced 275% of 2001 production of 36.3 Bcfe. Net production increased 31% in 2001 compared to 2000.

With 2001 earning results out of the way, Denver-based Western Gas Resources Inc. announced Thursday its Dec. 31, 2001 reserve additions and its capital budget and hedging positions for 2002. The company replaced 275% of 2001 production of 36.3 Bcfe. Net production increased 31% in 2001 compared to 2000.

Denver-based Delta Petroleum Corp., an independent energy exploration and development company, said late Thursday that it has entered into an agreement to purchase Piper Petroleum Co., a privately owned oil and gas company headquartered in Fort Worth, TX.

Denver-based MarkWest Hydrocarbon Inc. has acquired an Alberta gathering system for C$3.1 million (US$2.0 million). The purchase includes six miles of pipelines and compression facilities that currently gather 5,500 Mcf/d. MarkWest plans to expand the system to 10,000 Mcf/d by early 2002. The new addition in southeastern Alberta is located in the Bantry field, where MarkWest already has wells and drilling locations.

Denver-based independent Mallon Resources Corp. reported that it has retained Waterous International Inc. of Houston to assist in the solicitation and evaluation of strategic alternatives for the further natural gas development of its primary property in the San Juan Basin of New Mexico.

Denver-based independent Mallon Resources Corp. said Tuesday that it has retained Waterous International Inc. of Houston to assist in the solicitation and evaluation of strategic alternatives for the further natural gas development of its primary property in the San Juan Basin of New Mexico.