Scandoil  

Great Western continues to expand presence in Wattenberg field


Published Jun 10, 2015
Great Western Oil & Gas Company

Great Western Petroleum, a subsidiary of Great Western Oil & Gas Company, has purchased approximately 6,000 acres and eight producing wells in the Wattenberg Field. The purchase closed June 1, but the production is effective back to January 1. The price and seller were not disclosed.

'We continue to see great value in the DJ basin and remain committed to northern Colorado and increasing our holdings there,' said Rich Frommer, President and CEO of Great Western Oil & Gas. 'We expect additional acquisition activity in the near-term future.'

This new asset will allow the company to drill up to 100 new horizontal wells in the Niobrara and Codell formations. It is the second acquisition Great Western Oil & Gas has made during this period of uncertainty for the industry. In January, the company announced it purchased 14 producing wells and 816 net leasehold acres in the Wattenberg Field.

Tags: Great Western Oil & Gas Company




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml