PDC Energy wells in the Codell formation of Colorado’s Wattenberg Field are outperforming those in the Niobrara, and the independent plans to drill as many Codell horizontal wells as Niobrara horizontals this year, company officials said during an analyst day conference in New York Thursday.
Julesberg
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Western Gas Buying Wattenberg Assets
Western Gas Partners LP is buying the Wattenberg gathering system and related assets in the Denver-Julesberg Basin of northeastern Colorado from Anadarko Petroleum Corp. for consideration of $498 million, the partnership said last week, noting that the acquisition gives it an opportunity to serve liquids-rich gas production in the basin.
Western Gas Buying Wattenberg Assets
Western Gas Partners LP is buying the Wattenberg gathering system and related assets in the Denver-Julesberg Basin of northeastern Colorado from Anadarko Petroleum Corp. for consideration of $498 million, the partnership said Monday, noting that the acquisition gives it an opportunity to serve liquids-rich gas production in the basin.
Williams Sells D-J Basin Holdings to Petroleum Development for $28M
Williams sold a small package of Rocky Mountain region producing properties in the Denver-Julesberg (D-J) basin in northeastern Colorado to Bridgeport, WV-based Petroleum Development Corp. for $28 million. The D-J Basin properties were among those announced for sale earlier this year as part of Williams’ financial-strengthening plan.
HS Buying Kinder-Morgan Colorado Assets
HS Resources, based in San Francisco, is further growing itsposition in the Wattenberg Field area of the Denver-Julesberg Basinby buying Houston-based Kinder Morgan’s gathering system therealong with its interests in the Amoco-BP Wattenberg Gas ProcessingPlant and KN Wattenberg LLC, which owns the Wattenberg transmissionsystem, in a phased transaction.
HS Buying Kinder-Morgan CO Assets
HS Resources will buy Houston-based Kinder Morgan’s gatheringsystem in the Wattenberg field area of the Denver-Julesberg Basin,along with its interests in the Amoco-BP Wattenberg Gas ProcessingPlant and KN Wattenberg LLC, which owns the Wattenbergtransmission system, in a phased transaction.
De-Leveraging UPR Sells Colorado Properties
Union Pacific Resources Group sold its interests in theWattenberg area of Colorado’s Denver-Julesberg Basin toDenver-based United States Exploration Inc. for $41 million. Theproperties, which are in Adams, Arapahoe, Elbert and Weld counties,consist of 336 producing wells, which produced about 5.5 MMcf/d ofgas and 640 barrels of liquids/d in 1997. UPR retained its royaltyinterest in the properties. The transaction closed May 15 and waseffective Jan.1.