Ward Energy Partners LLC (WEP) said April 17 it sold Denver-Julesburg (D-J) Basin assets located in Adams and Weld counties, Colo., prospective for the Codell and Niobrara. The buyer and terms of the transaction were undisclosed.
WEP was formed in July 2014 by Ward Petroleum Corp., a diversified E&P based in Oklahoma and Colorado, and Trilantic Capital Management LP, a private-equity firm based in New York and Texas.
“WEP has been a leading operator in the southern D-J Basin since formation in 2014, and we are pleased we have been able to demonstrate the tremendous potential in this exciting resource play. Because of the deep technical expertise and impressive execution by the WEP team, we have been able to build a world-class asset in Colorado,” WEP COO Dave Stone said in a statement.
In October 2017, WEP said it sold Scoop and Hoxbar assets in order to focus on its positions in the D-J Basin in Colorado and in Oklahoma's Stack play.
Evercore acted as a financial adviser to WEP on its D-J Basin transaction and Vinson & Elkins LLP was its legal adviser.
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