Tag: Denver Julesburg Basin
-
Chevron proposes $7.6 billion deal to acquire Denver’s PDC Energy
Chevron Corp. Monday offered a stock-and-debt transaction worth $7.6 billion to buy out 100% of Denver-based PDC Energy Inc.’s holdings, according to a news release. The offer would fold PDC’s Colorado, Wyoming and Texas mineral assets into Chevron’s portfolio in exchange for Chevron stock. “PDC’s attractive and complementary assets strengthen Chevron’s position in key U.S. production…
-
Denver-based Bayswater increases oil and gas holdings in Weld County
—
by
Denver-based oil and gas company Bayswater Exploration & Production inked a deal to secure more acreage and drills in the Denver Julesburg Basin in Weld County, according to a news release. The “asset purchase agreement” with Nickel Road Operating LLC includes 2,752 net leasehold acres, 161 net mineral acres and 17 producing wells. All are…