One-Page Deal Sheet
U.S. Energy, IronHorse Resources Ink DJ Basin JV Deal
IronHorse Resources LLC Ageron Energy, LLC
Announced Date
September 21,2016
Transaction Type
JV
Enterprise Value (EV)($MM)
10
Asset/Basin:
{"DJ Basin","Wattenberg Field"}
TargetZones:
{"Niobrara A","Niobr
Location
Region
Rockies - DJ Basin
Country
United States
State
Colorado
County
Weld
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U.S. Energy Corp. has entered into an Earnings & Participation Agreement with IronHorse Resources LLC, in which the U.S. Energy will earn interests in certain IronHorse Farmout Agreements to participate in developing three core areas in the DJ Basin, Wattenberg Field, Weld County, Colorado.
Under the Agreement, the Company will obtain working interests averaging 11.6% in 21 horizontal wells to be drilled in the A, B, and C benches of the Niobrara formation and the Codell formation.
The development program is slated to begin later this year and drill into mid-2017. The Company’s commitment…
Rockies - DJ Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Dec-18-2025 |
-  |
- |
Click here | Colorado | E&P |
| 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 |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-13-2016 | Extraction Oil and Gas Adds 16,800 DJ Basin Acres | - |
- |
| Sep-15-2015 | Synergy Resources to Buy Wattenberg Property | - |
- |
| Jun-10-2015 | Lilis Energy Upsizes DJ Basin Wattenberg Deal | - |
- |