January: A Tough Month For Deals

摘要

DESPITE OIL PRICE volatility late last year leaving oil and gas producers struggling with A&D,a few operators in Colorado and the Permian Basin have managed to strike deals.PetroShare Corp.recently agreed to sell nonoperated interests in Wattenberg Field within the Denver-Julesburg Basin in Colorado,the company said in Jan.15 filings with the U.S.Securities and Exchange Commission(SEC).The Englewood,Colo.-based company entered a purchase and sale agreement in January to sell all its nonoperated interest in horizontal wells in Wattenberg.The sale does not include any of PetroShare's operated interest in its Shook Pad,where it has 14 producing wells and 88 permits in process.The buyer,an undisclosed independent third-party,will purchase the assets from PetroShare for $16.5 million in cash.