One-Page Deal Sheet
Austin Exploration to Farm Out Interest in Niobrara Prospect
Not Disclosed Fremont Petroleum
Announced Date
April 29,2013
Transaction Type
Property
Asset/Basin:
{"DJ Basin"}
TargetZones:
{Niobrara}
Location
Region
Rockies - DJ Basin
Country
United States
State
Colorado
County
Fremont
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Austin Exploration Ltd. has signed a non-binding Letter Of Intent to farm-out 30% of its Pathfinder Niobrara Project in Fremont County.
Austin has been working diligently with its new partner over the past 30 days and the first phase due-diligence is now complete.
Under the proposed agreement Austin will: Farm-out 30% of its 85% Working Interest in the project Will be carried for 100% of the drilling costs of the next 2 horizontal wells that will be capped at USD$12mil Pay for drilling costs that exceed $6 million per well ( For Austin’s 85% interest) Maintain a 55% interest in the project…Rockies - DJ Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Dec-18-2025 |
-  |
- |
Click here | Colorado | E&P |
| Nov-03-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-11-2024 |
- |
- |
Click here | Colorado | E&P |
| Sep-06-2022 |
- |
- |
Click here | E&P | |
| Feb-28-2022 |
- |
- |
Click here | Colorado | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-18-2025 | JAPEX Secures First U.S. Operated Position in $1.26B DJ Basin Acquisition of Verdad Resources | - |
- |
| Jan-11-2024 | Prairie Operating Bolt-On DJ Basin Assets From Nickel Road | - |
- |
| Feb-28-2022 | PDC Acquires DJ Basin E&P Great Western in $1.3B Deal | - |
- |