One-Page Deal Sheet
Great Western Ups Ante in the DJ Basin Wattenberg
Great Western Petroleum LLC Not Disclosed
Announced Date
June 08,2015
Effective Date
January 01,2015
Close Date
June 01,2015
Transaction Type
Property
Asset/Basin:
{"DJ Basin","Wattenberg Field"}
TargetZones:
{Niobrara,Codell}
Net Acres
Location
Region
Rockies - DJ Basin
Country
United States
State
Colorado
Play
Transaction Details: Require Private Equity Subscription
Great Western Petroleum, a subsidiary of Great Western Oil & Gas Company, an affiliate of The Broe Group with active operations in the Denver-Julesburg Basin in Colorado, 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.
Rich Frommer, President and CEO of Great Western Oil & Gas, said: "We continue to see great value in the DJ basin and remain committed to northern Colorado and increasing our holdings there. We expect additional…
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