DJ Basin – Oil & Gas 360

Civitas divests $435 million in DJ Basin assets, names interim CEO in leadership shift

August 7, 2025

(World Oil)– Civitas Resources announced two major updates on Aug. 6: the reinstatement of a capital return program and a leadership transition that places Board Chair Wouter van Kempen in the role of interim CEO. The company’s Board of Directors has approved a renewed capital allocation strategy aimed at balancing shareholder returns and debt reduction. Civitas plans to allocate future

Bayswater E&P closes $600 million sale of DJ Basin assets

March 31, 2025

(World Oil) – Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. in a cash and stock transaction valued at approximately $603 million. “We are pleased to get this deal across the finish line with Prairie Operating Co.,” said Steve Struna, President and CEO

Bayswater E&P to sell DJ basin assets for $603 million

February 10, 2025

(World Oil) – Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company, has entered into an agreement to sell assets in the Denver Julesburg Basin (DJ Basin) to Prairie Operating Company in a cash and stock transaction valued at approximately $603 million. “Today’s agreement represents the culmination of years of work by our talented and dedicated DJ

Civitas Resources weighs sale of DJ Basin assets, Bloomberg News reports

January 15, 2025

(Yahoo Finance) – Oil and gas producer Civitas Resources is exploring a sale of part or all of its assets in the Denver-Julesburg Basin in Colorado, which could be valued at more than $4 billion, Bloomberg News reported on Wednesday. The company is working with a financial adviser to gauge buyer interest and would be open to divesting fully from the

Prairie Operating Co. issues 2025 guidance

January 15, 2025

(Oil & Gas 360) – Includes Fiscal Year 2025 Adjusted EBITDA range of $100 – $140 million HOUSTON, TX, Jan. 15, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced its operational and financial guidance for 2025. These guidance metrics reflect Prairie’s strong performance and growth strategy as it continues to unlock value in the

Prairie Operating Co. spuds its first well at Shelduck South in the DJ Basin

September 5, 2024

Oil and Gas 360 HOUSTON, TX, Sept. 05, 2024 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the spud of Shelduck South 8E5NCM with Precision E-Drilling Rig (“E-rig”) 461 in Weld County, Colorado. The Shelduck South development will encompass eight two-mile lateral wells alternating between the Niobrara B and C Chalks. Drilling of all

Civitas Resources to focus on Permian, DJ basin drilling, production growth in 2024

February 29, 2024

World Oil (WO) – In its Full Year 2023 financial results, Civitas Resources revealed it increased production in the Permian and DJ basins in Q4 2023. It also unveiled plans to continue drilling momentum at the assets in 2024. 2024 outlook. In the report, the company maintained its previously-provided 2024 production guidance and decreased its estimated 2024 capital expenditures by

Bayswater acquires new DJ assets & continues to expand Colorado footprint

February 14, 2024

Oil and Gas 360 NEWS PROVIDED BY Bayswater Exploration & Production, LLC 12 Feb, 2024, 13:08 ET DENVER, Feb. 12, 2024 /PRNewswire/ — Bayswater Exploration & Production (Bayswater), a Denver-based oil and natural gas development company, recently acquired assets that will continue to expand its operations in the Denver Julesburg (DJ) Basin in Weld County, Colorado. In an agreement with Confluence DJ LLC, a

Prairie Operating announces acquisition of producing E&P assets

January 12, 2024

Oil and Gas 360 HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP; the “Company” or “Prairie”) today announced it has entered into a definitive agreement to acquire the assets of Nickel Road Operating LLC (“NRO”) for a total consideration of $94.5 million, subject to certain closing price adjustments and other customary closing conditions. The total consideration

Bayswater deploys innovative nitrogen technology in DJ Basin to eliminate consistent source of methane emissions

November 3, 2023

Oil and Gas 360 DENVER, Nov. 2, 2023 /PRNewswire/ — Bayswater Exploration & Production (Bayswater) is proud to be the first operator in the Denver–Julesburg (DJ) Basin to deploy a new innovative technology from Kathairos Solutions that utilizes nitrogen to eliminate a consistent source of methane emissions on traditional production sites. Over the past several years, Bayswater has prioritized reducing, eliminating or offsetting our

PDC Energy to Acquire SRC Energy

August 26, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 PDC Energy to acquire SRC Energy in all-stock transaction valued at approximately $1.7 billion PDC Energy Inc. (stock ticker: PDCE), an independent E&P based out of Denver, has entered into a definitive agreement to acquire SRC Energy Inc. (stock ticker: SRCI), also located in Denver, in an all-stock transaction valued at

Occidental Announces -Andrew Gould Elected to Occidental Board of Directors Oil & Gas 360

Oxy Lowers Production Guidance on Legacy Anadarko Assets

August 14, 2019

From The Houston Chronicle With Occidental Petroleum finalizing its $38 billion acquisition of Anadarko Petroleum last week, Oxy is now lowering its oil and gas production guidance for the legacy Anadarko assets. For the rest of this year, Oxy said Anadarko’s assets will see lower production volumes by at least a couple of percentage points than anticipated because of pipeline

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