One-Page Deal Sheet
Piceance Acreage Purchased by Bill Barrett Corporation
Bill Barrett Corp. Not Disclosed
Announced Date
June 15,2009
Close Date
June 15,2009
Transaction Type
Property
Enterprise Value (EV)($MM)
60
Location
Calculated Metrics( EV/Category)
Country
United States
State
Colorado
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Bill Barrett Corporation announced today that it has closed a purchase and sale agreement paying $60 million to acquire a 90% working interest in approximately 40,300 undeveloped leasehold acres in Cottonwood Gulch, which is the former Naval Oil Shale Reserve #1 located in the Piceance Basin of western Colorado. The acquired properties are adjacent to the Rulison and Parachute fields, considered to be among the most prolific fields within the Piceance Basin. Based on regional data and analysis, the Company expects the acquisition to add more than 2 trillion cubic feet equivalent (Tcfe) to…
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