Houston's Ultra bought Shell's interest in the Pinedale Field, which is producing about 189 MMcfe/d of natural gas and condensate.
The move comes as Shell continues to dismantle some domestic holdings and mature dry gas assets while acquiring others.
At Vail forum, panel applauds new rules made by the state’s Air Quality Control Commission.
The Rockies oil services market outside the Bakken is in the early stages of delineation for new pay, often in old fields as the region turns to horizontal drilling.
Analysts speculated in a December report that Anadarko Petroleum could be the seller.
Rocky Mountain Gas Production, Jan 2008 to Feb 2012
The well flowed at an average rate of 1.1 mmcf of gas per day and 153bbls of fluid per day. The fluid was a combination of condensate and load oil from the hydraulic fracture treatment.
Produced record volumes of 66.9 Bcfe in the fourth quarter, a 17 percent increase from fourth quarter 2010.
The final buildout of the Rocky Mountains’ dry natural gas infrastructure is nearly complete. Now, new infrastructure plans are focusing on gas-liquids plays.
Double Eagle Petroleum Co. announced an update to its 2011 development and exploration drilling programs.