Journey Oil & Gas LLC
Transaction Type
Sellers
Post Date
Estimated Price
MM
Description
Journey Oil & Gas LLC has retained Griffis & Associates LLC and Simmons & Co. International to sell certain oil and gas assets in the Permian Basin and the Rockies. The properties have March 2006 projected production of 1,581 barrels of oil equivalent per day. Journey operates nine of the 10 largest fields in this package with an average 84% working interest and an average 71% net revenue interest. Total proved reserves included in the package are 18.1 million barrels of oil equivalent.