Denbury to Grow Rocky Mountain Footprint with Devon Energy Bolt-on Acquisition
Transaction Type
Sellers
Basin
Rockies
Announce Date
Post Date
Close Date
Estimated Price
$20.0MM
Description
Bought a nearly 100% working interest (approximately 83% net revenue interest) in the Big Sand Draw and Beaver Creek oil fields located in Freemont County, WY, with net production of about 2,800 boe/d (85% oil); includes two cash payments of $4 million each contingent on the price of WTI.