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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

PEDEVCO Acquires Niobrara Property from Continental

PEDEVCO Corp. Continental Resources, Inc.
AnnouncedJan 24, 2014
TypeProperty
LocationDJ Basin,Niobrara Shale
Announced Date
January 24,2014
Effective Date
December 01,2013
Close Date
March 10,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
30




Snapshot
Asset/Basin:
{"DJ Basin"}
TargetZones:
{"Niobrara Shale"}
Net Acres
Location
Region
Rockies

Country
United States

State
Colorado

County
Weld

Play


Production
Production


Calculated Metrics( EV/Category)
$/ Flowing

$/ Acre

Transaction Details:  Subscribe to see

Pacific Energy Development (PEDEVCO) announced that it has entered into a definitive agreement with Continental Resources to acquire an interest in 40 wells and approximately 28,727 net acres in the Denver-Julesberg Basin, Colorado, for $30 million.

Asset highlights

Acreage located in the Niobrara shale formation Includes 28,241 net acres located in Weld County, Colorado and 486 net acres located in Morgan County, Colorado Also includes 2,200 net acres in Wattenberg area Transaction includes 11 operated and 14 non-operated wells; PEDEVCO to have an after-pay-out interest in remaining 15…



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