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

One-Page Deal Sheet

PRB Energy Acquires 13 Niobrara Wells

Prb Energy, Inc. Western Gas Partners Lp
AnnouncedDec 1, 2006
TypeProperty
Announced Date
December 01,2006
Effective Date
December 01,2006
Close Date
December 01,2006
Transaction Type
Property
Enterprise Value (EV)($MM)
12




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

Country
United States

State
Nebraska


Calculated Metrics( EV/Category)
$/ Acre

$/Location

Transaction Details:  Subscribe to see

PRB Energy, Inc. today announced closing of the previously announced transaction involving the acquisition of 13 wells, consisting of 12 gas wells and one water disposal well, and approximately 330,000 net acres in northeast Colorado and southwest Nebraska for $11.7 million in cash.

The production and future development activities are in the Niobrara formation. As previously announced, the transaction's effective date is December 1, 2006 and will be additive to both the Company's production and reserve base. Information regarding the transaction will also be included in the Form 8-K to be…

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