One-Page Deal Sheet
ConocoPhillips Acquires Niobrara Acerage From Lario
ConocoPhillips Not Disclosed
Announced Date
July 29,2011
Close Date
July 29,2011
Transaction Type
Property
Asset/Basin:
{"Denver-Julesburg (DJ) Basin"}
TargetZones:
{"Niobrara Formation
Net Acres
Transaction Details: Subscribe to see
ConocoPhillips agreed to acquire up to 46,000 net acres of leasehold in the Niobrara play from Lario Oil & Gas Co. in the Colorado counties of Arapahoe, Adams, Elbert and Douglas.
Terms of the transaction call for ConocoPhillips to operate the acquired leases. ConocoPhillips plans to begin exploration efforts as soon as possible with a 3-D seismic survey and drilling of test wells.
For its work in the Niobrara play, ConocoPhillips plans to leverage its unconventional knowledge and expertise from the Bakken formation in the Williston basin and the Eagle Ford shale in South Texas.
Lario is…
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 | - |
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