One-Page Deal Sheet
JAPEX Secures First U.S. Operated Position in $1.26B DJ Basin Acquisition of Verdad Resources
Japan Petroleum Exploration Co., Ltd.(JAPEX) Verdad Resources LLC
Announced Date
December 18,2025
Close Date
February 26,2026
Transaction Type
Asset
Location
Calculated Metrics( EV/Category)
Region
Rockies - DJ Basin
Country
United States
State
Colorado
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
Transaction Details: Require Private Equity Subscription
Japan Petroleum Exploration Co., Ltd. (JAPEX) announced the acquisition of all equity interests in Verdad Resources Intermediate Holdings LLC — a Tailwater Capital portfolio company and pure-play DJ Basin operator — for a total enterprise value of approximately $1.26 billion in cash, executed through its subsidiary Peoria Resources LLC (via JAPEX U.S. Corp.). The transaction delivers JAPEX its first operated upstream assets in the United States and marks its largest-ever corporate acquisition. The acquired portfolio comprises approximately 101,000 net acres with horizontal Niobrara and Codell…
Rockies - DJ Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| 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 |
| Feb-01-2022 |
- |
- |
Click here | Colorado | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| 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 | - |
- |
| Feb-01-2022 | Civitas Acquires DJ Basin Operator Bison Oil & Gas II in $300MM Deal | - |
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