In another Uinta deal this year, two Quantum Capital Group-backed E&Ps bought Caerus Oil and Gas’ property that straddles the Utah-Colorado border.
Some of the leasehold is in the eastern, gassy Uinta in Utah, while most is in the gassy Piceance Basin in Colorado on the other side of the Douglas Creek Arch.
The combined deal value is $1.8 billion.
Caerus is owned by Oaktree Capital Management, Anschutz Exploration and Old Ironsides Energy.
The property on the Uinta side—160,000 acres—went to KODA Resources, led by Osman Apaydin, president and CEO, and Kurt Doerr, executive chairman.
RELATED
Recommended Reading
Devon Ups Delaware Basin Ante With 21-Well Pad, Secondary Zones
2024-11-06 - Devon Energy is producing record volumes from the Delaware Basin—its biggest asset—where the company drilled a 21-well pad targeting six different intervals in recent months.
SM Kicks Off Dean Wildcatting With 918 Boe/d Choked IPs
2024-11-04 - Operator SM Energy is constraining IPs to not overwhelm its produced-water facilities.
Exclusive: Ring Focused on Drilling Tech to Boost Central Basin Economics
2024-10-31 - Ring Energy CEO Paul McKinney delves into the company’s ongoing efforts to grow its Central Basin Platform portfolio through acquisitions and betting on drilling and completions technology, in this Hart Energy Exclusive interview.
Exxon Mobil to Sell Vaca Muerta Assets in Argentina to Pluspetrol
2024-10-31 - Exxon Mobil is divesting some assets, including plans to divest some of its Bakken holdings, following its $60 billion acquisition of Pioneer Natural Resources.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.