One-Page Deal Sheet
PDC Divests Piceance Assets; Shifts Focus to Niobrara, Utica
Caerus Oil and Gas Llc PDC Energy, Inc.
Announced Date
February 05,2013
Effective Date
January 01,2013
Close Date
June 18,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
185
Location
Region
Rockies - Piceance/Uinta
Country
United States
State
Colorado
Play
Production & Reserves Production
Reserves
Transaction Details: Subscribe to see
Closing Announcement - June 19, 2013
PDC Energy Inc. reported that it closed on the previously disclosed sale of its non-core Colorado natural gas assets.
The Company's non-core Colorado assets were sold to Caerus Oil and Gas LLC for approximately $185 million in net proceeds, subject to customary post-closing adjustments.
Under the purchase and sale agreement, the transaction was given economic effect as of January 1, 2013. The assets sold are approximately 99% natural gas in terms of reserves and include an estimated 85 billion cubic feet equivalent (Bcfe) of net proved developed producing…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Apr-10-2025 |
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Click here | Colorado | E&P |
| Nov-14-2024 |
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| Aug-20-2024 |
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| Jun-27-2024 |
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| Jul-06-2022 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Aug-20-2024 | Quantum Backed-Koda Resources, QB Energy Gets Caerus Oil Assets For $1.8 Billion | - |
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| Dec-11-2020 | Terra Energy Buys Bankrupt Piceance Basin E&P | - |
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| Jun-09-2017 | Encana Unloads Piceance Gas Assets for $735 Million | - |
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